How much a country's economy will produce at its potential output is also called:
a. the trough of the business cycle.
b. its economic welfare

An increase in real GDP causes the demand for real money balances to

A) rise. B) fall. C) remain unaffected. D) rise, fall, or remain unaffected depending on the interest rate at the time.

Employer-provided private health insurance began in the United States because:

A. the rising threat of socialism prompted U.S. companies to provide insurance to dampen enthusiasm for socialist reform. B. during World War II, wage and price controls forced employers to use nonwage forms of compensation to attract workers. C. poor health conditions at the beginning of the 20 th century prompted the U.S. government to require new companies to offer health insurance to employees. D. the American Medical Association successfully lobbied the U.S. government to provide subsidies to companies offering private health insurance to employees.