The unemployment compensation social insurance program is a:
A. Purely Federal government program
B. Purely state-level government program
C. Federal-state program
D. Local government program
C. Federal-state program
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If the Fed buys government securities, then
A) the quantity of money is not changed, just its composition. B) new bank reserves are created. C) the quantity of money decreases. D) bank reserves are destroyed. E) banks' excess reserves decrease.
The data in the above table show that when the price level is 120
A) the unemployment rate is below its natural rate. B) the unemployment rate is above its natural rate. C) money wages rates will rise in the future. D) the long-run aggregate supply curve will shift leftward in the future.
Refer to Figure 9-4. Under autarky, the equilibrium price is
A) $54. B) $30. C) $0. D) $24.
Why does the term full employment imply an unemployment rate greater than zero? Discuss your answer in terms of the types of unemployment