When more people qualify for unemployment insurance, which components of planned aggregate expenditure are affected? O Consumption O Consumption and investment O Government spending O Consumption and government spending Unemployment insurance helps reduce the severity of recessions. [(Click to select) ♥ (Click to select) True False
When more people qualify for unemployment insurance, which components of planned aggregate expenditure are affected? O Consumption O Consumption and investment O Government spending O Consumption and government spending Unemployment insurance helps reduce the severity of recessions. [(Click to select) ♥ (Click to select) True False
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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answer b and c
Transcribed Image Text:Unemployment insurance is:
O A government program that provides cash benefits to eligible workers who have lost their jobs.
O A government program that allows people to not pay income taxes when they lose their jobs.
O A program run by private insurance companies that provides cash benefits to workers who have purchased
unemployment insurance.
A government program that offers temporary employment to eligible workers who have lost their jobs.
When more people qualify for unemployment insurance, which components of planned aggregate expenditure are
affected?
O Consumption
Consumption and investment
O Government spending
O Consumption and government spending
Unemployment insurance helps reduce the severity of recessions. (Click to select) ♥
(Click to select)
True
False
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