Which of the Following Was Not an Objection Raised by Opponents

question 201

Multiple Choice

Which of the following was not an objection raised by opponents of the Patient Protection and Affordable Care Act?

• A)The revenue generated by the new taxes in the PPACA would be insufficient to cover costs of the program.
• B)The PPACA moves the United States closer to creating a national health insurance system with nonprice rationing of health care.
• C)The subsidies would lead to higher prices and increased consumption of health care.
• D)The percentage of health care spending coming directly out of consumers' pockets would increase.

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Definitions:

Money Multiplier

The ratio of the change in the total money supply to the change in the monetary base, indicating how an initial deposit can lead to a greater final increase in the total money supply.

Reserve Banking

A banking system in which banks hold a fraction of their deposits as reserves, enabling them to meet withdrawal demands and extend credits.

Create Money

The process by which the central bank of a country (or other monetary authority) increases the money supply, often leading to the production of physical money or the creation of digital currency units.

Reserve Ratio

The fraction of depositors' balances that banks must have on hand as cash, a regulation enforced by central banking authorities.