As a result of moral hazard
A) both physicians and hospitals order more procedures.
B) physicians and hospital administrators have no incentive to raise costs.
C) patients increasingly have to worry about the expense of operations and other medical procedures.
D) both physicians and hospitals have a financial interest in trying to keep hospital costs down.
A
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Which of the following serves as the central bank for the United States?
A) the Federal Deposit Insurance Corporation B) the U.S. Treasury Department C) the Federal Reserve System D) the World Bank
A purchase of U.S. government securities by the Fed causes
A) an expansion of the money supply equal to the amount of the securities purchased. B) a contraction of the money supply equal to the amount of the securities purchased. C) an expansion of the money supply of more than the amount of the securities purchased. D) a contraction of the money supply of more than the amount of the securities purchased.