Suppose a Change in Health Care Laws Increases the Cost

question 129

Multiple Choice

Suppose a change in health care laws increases the cost of hiring an employee.We can expect output in the short run to ________ and output in the long run to ________.

• A) be unaffected; be unaffected
• B) decrease; decrease
• C) decrease; be unaffected
• D) decrease; increase
• E) increase; increase

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Definitions:

Assignor

A person who assigns rights or delegates duties under an assignment.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

General Course

A broad educational path focusing on a wide range of subjects or skills.

Equal Dignities Rule

A legal principle stating that agents appointed to perform tasks that must be in writing, such as real estate transactions, also must have their authority granted in writing.