During  the Recession of 2008-2009, the Length of Time Qualified Workers

question 36

Multiple Choice

During  the recession of 2008-2009, the length of time qualified workers were permitted to draw unemployment benefits was increased from 26 to up to 99 weeks. Economic theory indicates that this extension would

• A) reduce the opportunity cost of job search and lead to longer spells of unemployment.
• B) increase the opportunity cost of job search and lead to shorter spells of unemployment.
• C) reduce the long-term rate of unemployment.
• D) increase the current supply of labor and make it easier for employers to hire workers.

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Definitions:

Emotional Evolution

The progression and change in emotional reactions and expressions in response to societal and environmental influences over time.

Autonomic Arousal

The activation of the autonomic nervous system, which controls involuntary bodily functions and is associated with emotional and stress responses.

Cognitive Skills

Mental abilities that are involved in processing information, such as attention, memory, reasoning, problem-solving, and decision-making.

Evolutionary Theories

Concepts and principles aiming to explain the origins, changes, and diversities of life on Earth through mechanisms such as natural selection and genetic drift.