What decreases when it takes more resources (inputs) to produce a given amount of goods and services (outputs) than in the past?
A) structural unemployment
B) the business cycle
C) productivity
D) inflation

Question

Quizplus · Accepted Answer

Productivity is the measure of how efficiently goods and services are produced. When it takes more resources (inputs) to produce a given amount of goods and services (outputs) than in the past, productivity decreases. Structural unemployment refers to unemployment resulting from changes in the structure of an industry, not related to productivity changes. The business cycle refers to the fluctuations in economic growth over time. Inflation refers to the general increase in prices of goods and services over time. None of these are directly related to changes in productivity.

What Decreases When It Takes More Resources (Inputs) to Produce