An Economist Claims That Changes in Information Technology and Unemployment

question 39

Multiple Choice

An economist claims that changes in information technology and unemployment insurance have reduced unemployment.Which of these changes affect frictional unemployment?

• A)both the changes in information technology and unemployment insurance
• B)only the changes in information technology
• C)only the changes in unemployment insurance
• D)neither the changes in information technology nor the changes in unemployment insurance

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Definitions:

Bankruptcy Trustee

An individual appointed by the court to oversee and manage the estate of a debtor in a bankruptcy proceeding, ensuring the fair distribution of assets to creditors.

Debtor

An individual or company that owes money to another entity.

Reorganization Plan

A structured agreement approved by a bankruptcy court that allows a debtor company to continue its operations while repaying creditors according to a specific schedule.

Creditors

Individuals or institutions that lend money or extend credit to another party under the condition that it will be paid back at a future date, usually with interest.