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.
C
Economics
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How does the liquidity approach to measuring the money supply differ from the transaction approach?
What will be an ideal response?
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A recession causes a decrease in the demand for housing, resulting in substantial layoffs in the construction industry. The people laid off are considered
A) cyclically unemployment. B) frictionally unemployment. C) seasonally unemployment. D) structurally unemployment.
Economics