Explain How Unemployment Insurance Acts as an Automatic Stabilizer

question 84

Essay

Explain how unemployment insurance acts as an automatic stabilizer.

---

Definitions:

Degrees of Freedom

In statistics, it refers to the number of independent values or quantities which can be assigned to a statistical distribution.

Radio Generation

A term that may refer to the cohort of people who grew up listening to the radio as their primary form of entertainment.

Baby Boomers

The demographic cohort following World War II, typically defined as individuals born from 1946 to 1964.

Generation X

The demographic cohort following the baby boomers, typically defined as being born from the early-to-mid 1960s to the early 1980s.