In the long run, the inflation rate
A) must be equal to the natural unemployment rate.
B) can take on any value.
C) is equal to the natural inflation rate.
D) is zero.
E) cannot be negative.
B
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Compared to the United States, health care spending per person in other high-income countries has been
A) declining at approximately the same rate. B) growing at a slower rate. C) growing at a faster rate. D) growing at approximately the same rate.
Which of the following statements about the presence of speculators in futures markets is correct?
A) Their main objective is to reduce their exposure to risk. B) They aid hedgers by increasing the liquidity in futures markets. C) They make it difficult for hedgers to find someone to take the opposite side of their positions. D) Once a futures market participant is known to be a speculator he or she is no longer allowed to participate in the market.