When the Economy Is Operating Well Below Capacity,an Increase in Spending

question 124

Multiple Choice

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

• 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.

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Definitions:

Information Processing

The way individuals encode, store, and retrieve information, drawing similarities between the mind's functioning and computer operations.

Scan

To look over or examine carefully and systematically, often to obtain specific information.

Environment

Totality of nonhereditary, or experiential, influences on development.

Interpersonal Intelligence

Howard Gardner's theory of multiple intelligences includes this type, which refers to the ability to understand and interact effectively with others.