Unemployment insurance benefits increase productivity most by
a) shortening the duration of unemployment
b) providing replacement rates that are lower than real wages
c) shifting government funds away from less productive ventures
d) helping to improve the match-up between jobs and workers
e) weakening monopoly power
d) helping to improve the match-up between jobs and workers
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All of the following are examples of institutions that promote real economic growth EXCEPT
A) complex rules associated with business licensing used to promote careful business growth. B) patent laws that protect innovation. C) an efficient judicial system used to enforce contracts. D) strong law enforcement used to protect business interests.
Political business cycles result:
a. from the economic fluctuations that occur when discretionary policy is manipulated for political gain. b. from the recessionary gap that occurs when output falls short of the economy's potential c. from the expansionary gap that occurs when output exceeds the economy's potential. d. when the spending multiplier is manipulated for political gain. e. from the economic fluctuations that occur when automatic stabilizers are manipulated for political gain.