An increase in unemployment insurance benefits will:
A. increase the demand for labor.
B. decrease job search efforts of unemployed workers.
C. increase job search efforts of unemployed workers.
D. decrease the demand for labor.
Answer: B
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Refer to Figure 4.8. How many different Nash equilibrium points are there in this game?
A) 0 B) 1 C) 2 D) 3
If the social marginal cost of a good is very high relative to the private marginal cost, then a monopoly will most likely
A) produce more than the social optimum. B) produce less than the social optimum. C) produce the social optimum. D) produce zero pollution.
Of the following, who would most likely be hurt by an unanticipated increase in the rate of inflation?
a. an individual with a 30-year fixed-rate home mortgage loan b. the U.S. federal government because it has a large quantity of outstanding debt c. lenders who have made long-term loans at fixed interest rates d. Social Security recipients whose benefits are adjusted upward as the general level of prices increases
A decline in the quantity of real output demanded along the aggregate demand curve is a result of a(n):
A. decrease in the level of income. B. decrease in the price level. C. increase in the price level. D. increase in the level of income.