10. Unemployment benefits usually last for 26 weeks; however, the federal government can vote to extend benefits during times of recession. Extension benefits are entirely federally-funded and allow unemployed workers to get benefits for a year or more. Why are the advantages for the economy of extending unemployment benefits? Name three or more negative effects of unemployment that the government might want to avoid.

10. Unemployment benefits usually last for 26 weeks; however, the federal government can vote to extend benefits during times of recession. Extension benefits are entirely federally-funded and allow unemployed workers to get benefits for a year or more. Why are the advantages for the economy of extending unemployment benefits? Name three or more negative effects of unemployment that the government might want to avoid.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter21: Unemployment

Section: Chapter Questions

Problem 41CTQ: Unemployment rates have been higher in many European countries in recent decades than in the United...

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What forces create the natural rate of unemployment for an economy?
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Whose unemployment rates are commonly higher in the U.S. economy: Whites or nonwhites? The young or the middle-aged? College graduates or high school graduates?
Over the long term, has the U.S. unemployment rate generally trended up, trended down, or remained at basically the same level?
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Using the above data, what is the unemployment rate? These data are U.S. statistics from 2010. How does it compare to the February 2015 unemployment rate computed earlier?
If you an? out of school but working part time, are you considered employed or unemployed in U.S. labor statistics? If you are a full time student and working 12 hours a week at the college cafeteria are you considered employed or not in the labor force? If you are a senior citizen who is collecting social security and a pension and working as a greater at Wal-Mart are you considered employed or not in the labor force?
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