An expansionary gap creates labor shortage that eventually results in a higher nominal wage and a lower price level

In which of the following countries do elective medical procedures generally receive lower priority, often resulting in longer waiting times than are common under more privately-funded systems?

A) Japan and the United States B) Japan and Canada C) Canada and the United Kingdom D) the United Kingdom and the United States

The single most important factor that determines market structure is

a. location b. firm size c. number of firms in the industry d. price e. complementarity of the goods