An increase in the U.S. price level relative to the price level of other countries would
a. increase U.S. net exports and increase aggregate demand.
b. increase U.S. net exports and increase aggregate supply.
c. reduce U.S. net exports and reduce aggregate demand.
d. reduce U.S. net exports and increase aggregate demand.
c
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When medical fee schedules are negotiated by two monopolists—one representing patients and one representing providers—the equilibrium medical fees will
a. be greater than fees determined in a competitive market. b. be less than fees determined in a competitive market. c. be greater than fees determined by provider groups alone. d. be less than fees determined by patient groups alone. e. depend on the relative bargaining strengths of the two groups negotiating the fee schedule.
All final goods and services that make up GDP can be expressed in the form:
a. GDP = C + I + G + (X + M). b. GDP = C + I – G + (X + M). c. GDP = C + I + (X – M). d. GDP = C + I + G + (X – M).