As wages and prices become more flexible ________
A) wages becomes less responsive to unemployment deviations from the natural rate
B) it becomes easier to differentiate the short-run from the long-run Phillips curve
C) inflation becomes more responsive to unemployment deviations from the natural rate
D) all of the above
E) none of the above
C
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Most employees ________ pay taxes on the value of health insurance provided by employers, and most people ________ get a tax break when buying individual health insurance policies
A) do; do B) do not; do not C) do not; do D) do; do not
A firm engaging in group price discrimination
A) divides customers into groups and then charges each customer within each group a different price, similar to perfect price discrimination. B) divides customers into groups and then charges each group a different price. C) bundles products into groups and sells the groups at different prices. D) finds the average reservation price for a group of customers and sell its goods at that price.