A(n) ________ Is an Automobile Insurance System Used by Some

question 66

Multiple Choice

A(n) ________ is an automobile insurance system used by some states in which the driver's insurance company pays for any injuries or death the driver suffers in an accident irrespective of who caused the accident.

• A) no-fault insurance
• B) comprehensive insurance
• C) automobile liability insurance
• D) collision insurance

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Definitions:

Economic Stability

Economic stability refers to a state where an economy experiences steady growth, low inflation, and minimal unemployment.

Inverse Relationship

A scenario in which two variables exhibit inverse behavior, such that an increase in one results in a decrease in the other.

Aggregate Demand

The all-inclusive need for goods and services across an economy, priced at an established level, during a certain time interval.

Natural Rate

The equilibrium unemployment rate arising from all sources except cyclical fluctuations, often considered the normal level of unemployment in an economy.