This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain how the existence of unemployment compensation may actually result in a higher unemployment ... (Read 98 times)

beccaep

  • Hero Member
  • *****
  • Posts: 535
on: Jun 29, 2018
Explain how the existence of unemployment compensation may actually result in a higher unemployment rate than would otherwise occur if there where no such compensation in the first place.
 
  What will be an ideal response?

Question 2

Under what circumstances would the GDP deflator be less than 100 after the base year?
 
  A) The GDP deflator will be less than 100 if there has been deflation relative to the base year.
  B) There are no circumstances under which the GDP deflator could be less than 100.
  C) The GDP deflator will be less than 100 if there has been inflation relative to the base year.
  D) The GDP deflator will be less than 100 if there has been inflation of less than 2 per year relative to the base year.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #1 on: Jun 29, 2018
Answer to Question 1

The existence of unemployment compensation reduces the opportunity cost of looking for work. Job searchers may take longer looking for work under such a system. However, without any unemployment compensation job seekers may choose to accept job offers more quickly in order to pay the bills since they are not receiving compensation while they are searching for work. In a nutshell the opportunity cost of searching is very high and they may prefer to end their job search much more quickly.

Answer to Question 2

A


beccaep

  • Hero Member
  • *****
  • Posts: 535
Reply #2 on: Jun 29, 2018
Correct answers!


janeli1

  • Sr. Member
  • ****
  • Posts: 330
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Potency and efficacy: (a) drug A has a higher potency than drug B; (b) drug A has a higher efficacy Potency and efficacy: (a) drug A has a higher potency than drug B; (b) drug A has a higher efficacy
Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ... Increasing access to care for teen mothers is important because they have a higher rate of pregnancy ...
Osmosis: Water moves from an area of low solute concentration to an area of higher solute ... Osmosis: Water moves from an area of low solute concentration to an area of higher solute ...
Mechanisms to Explain the Effects of Massage Mechanisms to Explain the Effects of Massage
A deficiency of linoleic acid can interfere with normal growth and result in inflammation A deficiency of linoleic acid can interfere with normal growth and result in inflammation
Suicide rates in Canada are more than three times higher for males than for females Suicide rates in Canada are more than three times higher for males than for females
Video: Plant Defense Mechanisms from Pathogens

For a complete list of videos, visit our video library