Many Economists Believe That the More Strict Rules for Qualifying

question 4

Multiple Choice

Many economists believe that the more strict rules for qualifying for employment-insurance benefits that were introduced by the federal government in the early 1990s led to

• A)lower cyclical unemployment.
• B)lower frictional unemployment.
• C)lower structural unemployment.
• D)higher structural unemployment.
• E)higher frictional unemployment.

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Definitions:

Dishonor of a Check

The refusal by a bank to pay the amount stated on a check due to insufficient funds or other reasons.

Reversed

A decision or process that has been changed to go in the opposite direction, often used in the context of judicial decisions.

Payor Bank

The bank that dispenses the payment on a written draft or check upon presentation.

Drawee Bank

The financial institution upon which a check is drawn or which is directed to pay the specified amount.