Assume that the economy initially has a price level of P1 and output level Q1. If the government implements expansionary fiscal policy, and the full multiplier effect was felt, it would bring the economy to:

In a market with positive externalities,

A) the efficient level of production is less than what competition will obtain. B) the efficient level of production is equal to what competition will obtain. C) the efficient level of production is more than what competition will obtain. D) there cannot be an efficient level of production.

A relatively larger proportion of ____ work in unskilled jobs with lower pay than do ____

a. females; Caucasian males b. nonwhites; Caucasian males c. Caucasian males; females d. Both (a) and (b) are correct.