An unemployment insurance program has which of the following effects?
A)It decreases the amount of personal income of the unemployed.
B)It increases the severity of a recession because it makes it more difficult for the unemployed to find jobs.
C)It increases the amount of time spent searching for a job.
D)It lowers the overall unemployment rate.

Question

Quizplus · Accepted Answer

Unemployment insurance provides financial assistance to unemployed workers, which can reduce the urgency to accept the first job offer, potentially leading to longer job search times as individuals may hold out for better positions or offers.

An Unemployment Insurance Program Has Which of the Following Effects