Many Economists Believe That the More Strict Rules for Qualifying

question 34

Multiple Choice

Many economists believe that the more strict rules for qualifying for employment- insurance benefits introduced by the federal government in the early 1990s have led to

• A)higher frictional unemployment.
• B)higher structural unemployment.
• C)lower structural unemployment.
• D)lower cyclical unemployment.
• E)lower frictional unemployment.

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Definitions:

Heuristic Device

A mental shortcut or rule of thumb that simplifies decision making by allowing individuals to solve problems and make judgments quickly and efficiently.

Qualitative Research

A research methodology that focuses on understanding concepts, thoughts, or experiences through detailed observation, interviews, or analysis of textual or visual data.

Psychological Illness

A wide range of mental health conditions that affect mood, thinking, and behavior, including depression, anxiety disorders, schizophrenia, and others.

Investment Securities

Financial instruments such as stocks, bonds, or mutual funds that represent an investment and an ownership position or creditor relationship with a corporation or governmental entity.