Micro and Macro Economics in Healthcare
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Given the trait of human behavior that it is a lot easier (and more fun) to adjust spending upward rather than downward, does it take longer for individuals (micro) or nations (macro) to adjust to changes in income/spending? Why or why not?
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This solution of 95 words discusses micro and macro economics in healthcare. Reference used is included.
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http://www.lidderdale.com/econ/104/ch1Lect.html
In reference to whether people can adjust to spending upwards, it is true that it takes much longer for ...
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