Give a few examples of how sectoral shifts temporarily cause unemployment

Examples should focus on sectors of the economy and/or regions. If people prefer iPods to Sanyo MP-3 players, Apple could hire employees while Sanyo could lay off workers. If medical researchers discover that people who eat lots of peanut butter have lower incidents of heart disease, employment in the peanut-growing South may increase while employment in California's almond industry may decrease.

Economics

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Banks create money whenever they

A) accept a deposit. B) lend excess reserves to a borrower. C) receive monthly payments on their loans. D) receive interest on existing loans.

Economics

What does the income elasticity of demand measure?

What will be an ideal response?

Economics