Unemployment compensation payments:
A. rise during a recession and thus reduce the severity of the recession.
B. rise during a recession and thus increase the severity of the recession.
C. rise during inflationary episodes and thus reduce the severity of the inflation.
D. fall during a recession and thus increase the severity of the recession.
Answer: A
Economics
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Refer to Table 20.1. George is a single taxpayer with an income of $65,000. What is George's marginal tax rate?
A) 19% B) 27% C) 38% D) 57%
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If policymakers accommodate an adverse supply shock, then in the short run the unemployment rate
a. and the inflation rate rise. b. and the inflation rate fall. c. rises and the inflation rate falls. d. falls and the inflation rate rises.
Economics