Many Politicians Look at the Unemployment Rate as the Be

question 2

Essay

Many politicians look at the unemployment rate as the be all and end all of economic indicators.Are they justified in their faith?Duration of employment and discouraged worker effect.

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Definitions:

Premiums

Periodic payments made to an insurance company in exchange for coverage and protection against financial loss or damage.

Co-payment

A fixed amount paid by a health insurance plan member for covered services, with the remainder being covered by the insurance.

Deductible

The amount paid out of pocket by the policyholder before an insurance policy begins to pay.

Incentivize

To provide motivation or encouragement through rewards or benefits, aiming to promote certain behaviors or actions.