Benefits Paid to Employees Out of Work Through No Fault

question 19

Multiple Choice

Benefits paid to employees out of work through no fault of their own and who are available for suitable work if and when it becomes available falls under the category of:

• A)unemployment compensation.
• B)workers' compensation.
• C)welfare benefits.
• D)pension plans.

---

Definitions:

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, eroding purchasing power over time.

Unemployment

The situation when individuals who are capable of working and are actively seeking work but are unable to find employment.

Short Run

A period during which at least one factor of production is considered fixed, typically used to describe a timeframe in which firms cannot alter plant capacity.

Money Supply Growth

An increase in the total amount of money in circulation or in the economy, often indicated by measures such as M1, M2, and M3.