Automatic stabilizers are government programs that tend to push the federal budget toward surplus as the real GDP rises and toward deficit as the real GDP falls

Using the physician-control model to explain hospital behavior leads to which of the following conclusions?

a. Other medical inputs tend to be over used to maximize physicians' productivity. b. The use of operating rooms will be maximized with little excess capacity. c. Physicians will strive to utilize the nursing staff efficiently. d. All investment decisions will be based on optimal resource use. e. All of the above are conclusions of the physician-control model.

In the modern economic growth process, it is typical to find that:

A.  Leader countries continue to grow faster than follower countries B.  Follower countries can grow faster than leader countries C.  Large countries cannot grow faster than leader countries D.  The gap between the leader countries and the follower countries stays constant