The actual unemployment rate can be greater than or less than the natural rate of unemployment

If the demand for a consumer good decreases, the demand for resources required to make the good will

a. increase. b. remain the same, but the quantity demanded will increase. c. decrease. d. increase or decrease depending on whether the demand for the product is elastic or inelastic.

In the past few years, the demand for donuts has greatly increased. This increase in demand might best be explained by:

A. an increase in the cost of making donuts. B. an increase in the price of coffee. C. consumers expecting donut prices to fall. D. a change in buyer tastes.