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:

Total Expenses

The sum of all costs and expenses associated with operating a business, including both fixed and variable costs.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a particular cost or expense category.

Equipment Depreciation

The systematic allocation of the cost of physical assets used in production over their useful lives.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a particular period or project.