Author Question: A forestry worker who is out of work because of the temporarily low demand for wood products ... (Read 206 times)

xroflmao · **on:** Jun 30, 2018

A forestry worker who is out of work because of the temporarily low demand for wood products associated with a recession is defined as:
a. frictionally unemployed.
b. underemployed.
c. cyclically unemployed.
d. structurally unemployed.

Question 2

Why is the demand for foreign currencies known as a derived demand?

Koolkid240 · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

c

Answer to Question 2

The demand for foreign currencies is known as a derived demand, because the demand for a foreign currency derives directly from the demand for foreign goods and services or for foreign investment.