The demand for an input is called a derived demand because
A. employers of inputs, particularly labor, derive income from using inputs.
B. employers derive satisfaction from giving employment to an input.
C. the demand for output is derived from the demand for the inputs used to produce it.
D. it arises from the demand for the output that the input is used to produce.
D. it arises from the demand for the output that the input is used to produce.
You might also like to view...
Which of the following would appear on the asset side of a commercial bank balance sheet?
a. Loans. b. Checkable deposits. c. Savings deposits. d. Net worth.
An unanticipated decline in the real interest rate in the loanable funds market will cause the
a. aggregate demand curve to shift to the right. b. aggregate demand curve to shift to the left. c. long-run aggregate supply curve to shift to the left. d. natural rate of unemployment to fall.
If nominal GDP is $15 trillion and real GDP is $12 trillion, the GDP deflator is:
A. 120. B. 125. C. 75. D. 150.
Fine tuning represents which of the following?
A) policy makers' attempts to minimize the deviations of actual output from the natural level of output B) policy makers' attempts to achieve zero inflation C) policy makers' attempts to minimize fluctuations in interest rates D) policy makers' attempts to maintain a given rate of growth in the nominal money supply E) policy makers' attempts to minimize variations in the real exchange rate