Unemployment insurance:
A. varies widely across countries.
B. has a set minimum in the US.
C. is typically 32 weeks in the US, except for times of unusually high unemployment.
D. All of these are true.
A. varies widely across countries.
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A capital ________ can promote financial instability in an emerging-market country because it can lead to a lending boom and excessive risk-taking on the part of banks, which helps trigger a ________
A) inflow; financial crisis B) inflow; currency devaluation C) outflow; financial crisis D) outflow; currency devaluation
The number of U.S. workers in unions today is:
A. higher than it was in the 1950s. B. about 21 %of all wage and salary workers. C. just under 15 million Americans. D. All of these are true.
Discuss the advantages of using an income tax system such as the one discussed in this chapter, as opposed to a consumption tax.
What will be an ideal response?
Suppose that wage contracts between workers and employers are based on an expected inflation rate of 3% and a 5% increase in money wages is agreed upon. If inflation actually equals 7%, real wages...
What will be an ideal response?