The major purpose of Medicare is to:
A. provide health care services to people on Social Security.
B. provide health care services to those receiving public assistance.
C. contain rising health care costs.
D. make a basic health care package available to all Americans.
Answer: A
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Aggregate demand is the total value of GDP that
A. all sectors of the economy are willing to purchase at various price levels, all other things unchanged B. all sectors of the economy are willing to sell at various average price levels, all other things unchanged C. consumers are willing to purchase at various average price levels, all other things unchanged D. consumers are willing to purchase at various national income levels, all other things unchanged.
What are inventories? What usually happens to inventories at the beginning of a recession, and what usually happens to inventories at the beginning of an expansion?
What will be an ideal response?