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:

Pequot War

An armed conflict in 1637 that led to the destruction of one of New England’s most powerful Indian groups.

Pequot Tribe

A Native American people of Connecticut, who were involved in the Pequot War with settlers in the 17th century, leading to their near destruction.

Colonists' Victory

Refers to the successful outcomes achieved by colonial inhabitants, especially in the context of wars or conflicts against colonial powers for independence or self-governance.

Half-Way Covenant

A form of partial church membership created by New England Puritans in 1662, allowing for the baptism and a form of limited membership for individuals not yet converted.