An Increase in Unemployment Benefits Will Tend to Cause Which

question 12

Multiple Choice

An increase in unemployment benefits will tend to cause which of the following?

• A)a downward shift in the WS curve
• B)an upward shift in the PS curve
• C)an upward shift in the WS curve
• D)a downward shift in the PS curve
• E) none of the above

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Definitions:

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Standard Deviation

A statistical measure of the dispersion or variability of a set of numbers, showing how much variation exists from the average.

Risk-averse

Describes individuals or entities that prefer to avoid risk and would rather settle for a less uncertain outcome than a potentially higher but risky return.

Expected Income

The amount of money an individual or entity anticipates to receive over a certain period, often based on current or past earnings.