Economist Robert Barro attributes the increase in the duration of unemployment to ______, while economist Paul Krugman attributes the increased duration to _____.

Question

Quizplus · Accepted Answer

Economist Robert Barro has argued that expanded unemployment-insurance coverage leads to longer unemployment durations, as people are less likely to accept lower-paying or less desirable jobs while receiving benefits. Economist Paul Krugman has attributed the increased duration of unemployment to insufficient consumer demand, which makes employers hesitant to hire new workers.

Economist Robert Barro Attributes the Increase in the Duration of Unemployment