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 125 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?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Unique communities may result from distinct environmental conditions. Unique communities may result from distinct environmental conditions.
The light produced by fireflies is the result of a reaction The light produced by fireflies is the result of a reaction
SDS PAGE Result SDS PAGE Result
Inverse Relation Between IQ and Disease. Could this explain the Flynn effect? Inverse Relation Between IQ and Disease. Could this explain the Flynn effect?
Adults in the middle-aged group (37–42 years) score higher on measures of generativity than either ... Adults in the middle-aged group (37–42 years) score higher on measures of generativity than either ...
Oil pressure relief valves are spring loaded. The stronger the spring tension, the higher the oil ... Oil pressure relief valves are spring loaded. The stronger the spring tension, the higher the oil ...
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library