Answer:
B. Fewer workers will be needed.
Explanation:
Elastic demand refers to a flexible demand. It is a demand that can increases or decreases due to several factors. If demand is not elastic, it implies it is constant. An increase or decrease in output or price will not affect the quantity demanded.
An increase in productivity means an increase in output per worker. It is the increase in the number of units produced, per hour, per worker. An increase in productivity results in more output in a given period than previously.
If the demand is constant and there is an increase in productivity, only a few workers will be required. The output from the few workers will be high to meet the constant demand.
Answer:
Cyclical unemployment is the loss of jobs due to a recession or downturn in an economy.
Explanation:
Cyclical unemployment is a type of unemployment. It is also known as Keynesian or deficient-demand unemployment. This type of unemployment occurs when the overall demand in an economy is not enough to provide jobs to the people who want to work. Cyclical unemployment is observed during the periods of slow economic growth or recession.
An open-end mutual fund cannot be bought from the securities market via a contractual savings plan, as investment is made for a predetermined period during this.
<h3>What are open-end mutual funds?</h3>
Mutual funds, which are open-end, are easily available to be bought by any person who wishes to invest a part of his capital into such asset classes are called open-end mutual funds.
They can be bought voluntarily and have no lock-in periods, and thus are readily available to be bought and sold in the secondary market.
The reason a contractual savings plan cannot be used to buy open-end mutual funds is because such saving plans have lock-ins and are subject to be invested for a fixed period.
Hence, option D; a contractual savings plan cannot be utilized for the purpose of purchasing an open-end mutual fund.
Learn more about open-end mutual funds here:
brainly.com/question/6867027
#SPJ1