Which of the following is correct?
a. Unemployment insurance raises structural unemployment because it reduces the job search efforts of the unemployed.
b. Most economists are skeptical of the value of unemployment insurance primarily because they believe that it results in a poorer match between workers and jobs.
c. Studies show that when the unemployed become ineligible for benefits, the probability of their finding a job rises markedly.
d. All of the above are correct.
c
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Which one of the following does NOT contribute to economic growth?
A) increases in the price level B) the growth of capital and labor productivity C) the growth of the labor force D) the growth of the capital stock
In the long run, the unemployment rate
A) is equal to the expected unemployment rate. B) is zero. C) can take on any value. D) is equal to the natural unemployment rate. E) must be equal to the expected inflation rate.
By selling additional wheat, each U.S. wheat farmer
A) decreases his total revenue because the demand for his wheat is elastic. B) decreases his total revenue because the demand for his wheat is inelastic. C) increases his total revenue because the demand for his wheat is elastic. D) increases his total revenue because the demand for his wheat is inelastic.
How might unemployment insurance increase the efficiency of labor markets and the economy? How might it reduce the efficiency of labor markets and the economy?
What will be an ideal response?