A political opponent argues that unemployment insurance is bad for the economy. How would you counter this argument to show that unemployment insurance is actually good for the economy?

What will be an ideal response?

Answers to this question will vary but should note several ways in which
unemployment insurance benefits the economy. For example, unemployment insurance
reduces the severity of a recession by allowing unemployed workers to maintain some
income and spending. Their spending is good for the economy and may help reduce
unemployment by allowing companies to continue to produce goods and services
during economic hard times. Unemployment insurance also allows workers to find the
right skills match rather than taking the first job that comes along, which raises
economic productivity in the long term. It also reduces income uncertainty, which is
important to keep the economy running at a high level.

Economics

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In a Dutch auction, ________ with each bid

A) the price of the good increases B) the price of the good decreases C) the quantity of the good being offered increases D) the quantity of the good being offered decreases

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The "true" costs of inflation are:

A. lower relative prices. B. reduced economic growth and efficiency. C. a higher overall price level. D. higher relative prices.

Economics