A characteristic of the long run that is not available in the short run is that a firm is free to vary its output

If a Central Bank wished to increase the supply of money it should

(a) Raise the reserve requirement. (b) Raise the rate of discount. (c) Buy government bonds in the money market. (d) Do any or all of the above.

Some policy makers would like us to believe several myths about employer-sponsored insurance. Which of the following statement is not a myth, but true?

a. Under ESI, employers pay the health insurance premium. b. Like all business expenses, employers pass on the cost of ESI to customers as higher prices and workers as lower wages. c. Employer mandates lead to the creation of more higher-paying jobs in the service sector of the economy. d. Health benefits are a free employee benefit under ESI.