Economists Would Predict That,other Things the Same,the More Generous Unemployment

question 7

Multiple Choice

Economists would predict that,other things the same,the more generous unemployment compensation a country has,the

• A)shorter the duration of each spell of unemployment and the higher the unemployment rate.
• B)shorter the duration of each spell of unemployment and the lower the unemployment rate.
• C)longer the duration of each spell of unemployment and the higher the unemployment rate.
• D)longer the duration of each spell of unemployment and the lower the unemployment rate.

---

Definitions:

Commonly Used

Refers to something widely adopted or practiced by a large number of people or within numerous contexts.

Bond

A share interest in the indebtedness of a corporation; often used synonymously with “debenture,” though a bond is normally secured against specific assets, while a debenture is likely not.

Borrow Funds

Refers to obtaining money from another party, usually a financial institution, under the agreement that the money will be repaid, typically with interest.

Accumulating Debt

The process of increasing debt through borrowing or the accumulation of interest on existing loans.