The Federal reserve can increase the money supply by lowering the reserve requirement or raising the discount rate

The greater the magnitude of the absolute value of the income elasticity of demand for a good, the more the

A) demand for that good changes when income changes. B) total revenue for firms producing that good changes when income changes. C) price of the good changes when income changes. D) All of the above answers are correct.

The health care market in the United States is characterized by

A) considerable government involvement. B) third-party payment of health care costs. C) asymmetric information between providers and consumers. D) all of the above