Unemployment insurance benefits the macroeconomy by supporting purchasing power.
Answer the following statement true (T) or false (F)
True
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A characteristic of the long run that is not available in the short run is that a firm is free to vary its output
Indicate whether the statement is true or false
If the marginal propensity to consume in an economy is 0.5, then a $1,000 increase in government spending will increase aggregate demand by $4,000
a. True b. False Indicate whether the statement is true or false
The best example of a public good is:
A. government-subsidized lunches. B. national defense. C. pollution. D. competition.
Since 1970, U.S. investment in other countries has
A. increased by more than foreign investment in the U.S. B. increased more than twenty-fold. C. increased by exactly the same as foreign investment in the U.S. D. increased by less than foreign investment in the U.S.