Economics · Oct / Nov 2023 · Paper 23 · Question 4

People in Ecuador buy products using a variety of forms of money. The Ecuadorian government pays public sector workers’ wages directly into their bank accounts. In 2019, some Ecuadorian firms’ profits were affected by advances in technology. That year, the Ecuadorian government cut public sector workers’ hours and, in 2020, it reduced its spending. Economists were uncertain what effect the decrease in government spending would have on unemployment.

Read automatically from the paper; the printed page above is exact.