In the Mid-To-Late 1990s,changes in the Health Care Industry,substantially Reduced

question 66

Multiple Choice

In the mid-to-late 1990s,changes in the health care industry,substantially reduced health care costs relative to other goods and services.Which of the following is an appropriate description of the mechanism behind this supply shock?

• A)The AS curve likely shifted to the right which likely explains the short-run fall in unemployment.
• B)The ensuing increase in productive capacity led to the rightward shift of the LRAS which is a likely explanation for the protracted decline in the unemployment rate of the 1990s.
• C)A positive output gap would have resulted in the short-run but it was eventually closed by a rightward shift of the LRAS which is a likely explanation for the protracted decline in the inflation rate of the 1990s.
• D)all of the above
• E)none of the above

Understand strategies to reduce personal medical costs.

Identify different types of health insurance coverage and their benefits.

Comprehend the key provisions of the Affordable Health Act of 2010.

Calculate personal expenses in health insurance policy scenarios.

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Definitions:

S.M.A.R.T.S System

This term does not seem to align with a well-known acronym or system in popular or professional discourse, and thus a precise definition cannot be provided.

Stretchable

Capable of being stretched; often refers to materials that can be elongated without breaking.

Self-discipline

The ability to control one's feelings, impulses, and desires in order to achieve long-term goals.

Principle of Justice

A fundamental ethical guideline that emphasizes fairness, equality, and impartiality in the distribution of benefits and burdens.