Asked by apoorva kalra on Jul 25, 2024
Verified
Which statement is true?
A) Virtually all of the unemployed are collecting unemployment insurance benefits.
B) During recessions cyclical unemployment falls.
C) Our unemployment rate rarely rises above 5%.
D) None of the statements are true.
Cyclical Unemployment
Unemployment that results from economic downturns or recessions, characterized by a lack of demand for goods and services.
Unemployment Insurance
A government program that provides financial assistance to individuals who are unemployed through no fault of their own, offering temporary income support.
- Understand the relationship between inflation rates and the well-being of different economic agents.
Verified Answer
MF
Maria Fillieta S.K.Jul 28, 2024
Final Answer :
D
Explanation :
None of the statements are true.
A) Virtually all of the unemployed are not collecting unemployment insurance benefits, and some may not be eligible to do so.
B) During recessions, cyclical unemployment typically increases.
C) The unemployment rate has risen above 5% several times in the past, particularly during economic downturns.
A) Virtually all of the unemployed are not collecting unemployment insurance benefits, and some may not be eligible to do so.
B) During recessions, cyclical unemployment typically increases.
C) The unemployment rate has risen above 5% several times in the past, particularly during economic downturns.
Learning Objectives
- Understand the relationship between inflation rates and the well-being of different economic agents.