Which of the Following Is NOT a Reason Given by Economists

question 56

Multiple Choice

Which of the following is NOT a reason given by economists for the failure of Okun's law to account for the rise in unemployment during the recession of 2007-2009?

• A)increased willingness among firms to lay off workers during recessions
• B)a surge in productivity during the recession
• C)the unusual severity of the recession
• D)it does not take into account the effect of the stimulus

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Definitions:

Collectivist Cultures

Societies in which individuals prioritize the needs and goals of the group over personal desires or ambitions.

Sense of Belonging

A feeling of being accepted and included within a group, community, or space, fostering a sense of identity and support.

Feel Good About Themselves

A general sense of satisfaction or positivity about one's own abilities, appearance, and life.

Feelings of Self-Worth

The emotional evaluation of one's own value or self-esteem.