Which of the Following, Which Was Intended to Serve the Poor

question 79

Multiple Choice

Which of the following, which was intended to serve the poor, and poor children in particular, has increasingly been called on to pay for services for the elderly that Medicare does not provide, especially nursing home care and home health care?

• A) Medigap
• B) Medicaid
• C) CHIP program
• D) Managed care programs

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Definitions:

Consumer Price Index

A metric that analyzes the weighted average cost of a selection of consumer goods and services, such as medical care, transportation, and food, to measure inflation.

Short-Run Aggregate Supply

Represents the total supply of goods and services that firms in an economy plan on selling during a short-term period, given the level of prices.

Long-Run Aggregate Supply

Represents the total output an economy can produce when both capital and labor are fully employed, assuming constant technology and resources.

Real GDP

The total value of goods and services produced in a country, adjusted for inflation or deflation, providing a more accurate measure of economic output.