The Difference Between an Individual Practice Association Plan (IPA)and a Group

question 74

Multiple Choice

The difference between an individual practice association plan (IPA) and a group practice plan is that

• A)an IPA is made up of a group of independent doctors who work out of their own offices;while a group practice plan confines doctors to the same central,shared facility.
• B)a group practice plan is made up of a group of independent doctors who work out of their own offices;while an IPA confines doctors to the same central,shared facility.

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Definitions:

Phillips Curve

An economic concept that depicts an inverse relationship between the rate of unemployment and the rate of inflation.

Central Bank

An institution that manages a country's currency, money supply, and interest rates, oversee the commercial banking system, and provides financial services to the government.

Unemployment Rate

The percentage of the labor force that is jobless and seeking employment, used as an indicator of the economy's health.

Contractionary Monetary Policy

Monetary policy measures undertaken by a central bank to reduce inflation and slow down economic growth by decreasing the money supply or increasing interest rates.