Lower deductibles for employer-provided health care will tend to shift the ________ curve for medical services to the ________

A) demand; left
B) demand; right
C) supply; left
D) supply; right

Answer: B

Economics

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The short-run Phillips curve is a curve that shows the relationship, other things being constant, between ________ and ________

A) the inflation rate; the nominal interest rate B) the inflation rate; the expected inflation rate C) the unemployment rate; real GDP D) potential GDP; the natural unemployment rate E) the inflation rate; the unemployment rate

Economics

All else constant, the choice of whether to use a labor-intensive production process or a capital-intensive one is depends on:

A) the absolute prices of capital and labor. B) the relative prices of capital labor. C) the type of market in which the firm operates. D) whether the economy is growing or shrinking.

Economics