When the economy is operating well below capacity, an increase in spending tends to be reflected primarily in a(n):

a. lower level of employment.
b. increase in price.
c. lower level of output.
d. higher level of output and employment.
e. increase in business failures.


d

Economics

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A voucher is

A) the production of a good by some public institution. B) a payment that government makes to private producers. C) a token that government provides to households to use in purchasing a specific good. D) a permit to pollute. E) a tax that is imposed on consumers rather than producers.

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The classical economists believed that recessions

A. needed to be fought with monetary and fiscal policy. B. would probably develop into depressions. C. develop into inflations. D. would cure themselves.

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About what percent of the world's poorest people are female?

a. 30 b. 50 c. 70 d. 90

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If the rate of unemployment is neither rising nor falling, then the number of people finding jobs must equal the number of people:

A. unemployed. B. losing or leaving jobs. C. looking for jobs. D. leaving the labour force.

Economics