Answer the following questions true (T) or false (F)
1. Health care spending per person is lower in the United States than in most other high-income countries.
2. In the United States, health care spending as a percentage of GDP has declined since 1965.
3. As a percentage of GDP, health care spending on Medicare and Medicaid is expected to double over the next 40 years unless health care costs begin to grow at a slower rate.
1. FALSE
2. FALSE
3. TRUE
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A country reports that its inflation rate and unemployment rate have both increased. These changes could be the result of
A) a movement downward along the short-run Phillips curve. B) a movement upward along the short-run Phillips curve. C) a downward shift of the short-run Phillips curve. D) an upward shift of the short-run Phillips curve. E) a leftward shift of the long-run Phillips curve.
The latent poor are not included in the official poverty count as poor
Indicate whether the statement is true or false