Economists Would Predict That, Other Things the Same, the More

question 238

Multiple Choice

Economists would predict that, other things the same, the more generous unemployment compensation a country has,

• A)the shorter the duration of each spell of unemployment, and the higher the unemployment rate.
• B)the shorter the duration of each spell of unemployment, and the lower the unemployment rate.
• C)the longer the duration of each spell of unemployment, and the higher the unemployment rate.
• D)the longer the duration of each spell of unemployment, and the lower the unemployment rate.

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Definitions:

Mean

The arithmetic average of a set of values, found by adding all numbers in the set and then dividing by the count of those numbers.

Standard Deviation

A measure that is used to quantify the amount of variation or dispersion of a set of values.

Babies Born

Refers to the count or statistics regarding the number of births within a specific period or geographical area.

Mean

The average of a set of numbers, calculated by adding them together and dividing by the number of values in the set.