Of the following, which has most likely contributed the most to the rapid rise in health care costs in the United States?
A) the cost of malpractice insurance
B) the cost to treat uninsured patients
C) slow growth in labor productivity in health care
D) the cost of malpractice lawsuit settlements
Answer: C
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The supply curve for money ________
A) is upward sloping with respect to interest rates B) is fixed to a specified interest rate C) is fixed regardless of the interest rate D) is downward sloping with respect to interest rates E) none of the above
During the financial crisis of 2007-2009 the interest rate on mortgage-backed securities had
a. increased and the Treasury interest rate had risen. b. increased and the Treasury interest rate had fallen. c. decreased and the Treasury interest rate had risen. d. decreased and the Treasury interest rate had fallen.