Economists John Cogan, Glenn Hubbard, and Daniel Kessler have estimated that ________ the tax preference for employer-provided health insurance would reduce spending by people enrolled in these programs by 33 percent

Consider the labor market depicted in the above figure. The competitive equilibrium would be for workers to be paid an hourly wage equal to

A) $10. B) $15. C) $20. D) None of the above answers is correct.

If the real interest rate is 3% and the expected inflation rate is 6%, then the nominal interest rate is

A) 0.5%. B) 2%. C) 3%. D) 9%.