Question

Which of the following is NOT true of typical unemployment insurance programs (check all that apply) Group of answer choices Benefits last for six months The circumstances of how you became unemployed don't affect benefit eligibility Programs pay roughly $400 a week Programs require one to be looking for a job to receive benefits

          Which of the following is NOT true of typical unemployment insurance programs (check all that apply)
Group of answer choices
Benefits last for six months
The circumstances of how you became unemployed don't affect benefit eligibility
Programs pay roughly $400 a week
Programs require one to be looking for a job to receive benefits
        
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Principles of Economics
Principles of Economics
Gregory Mankiw 8th Edition
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Which of the following is NOT true of typical unemployment insurance programs (check all that apply) Group of answer choices Benefits last for six months The circumstances of how you became unemployed don't affect benefit eligibility Programs pay roughly $400 a week Programs require one to be looking for a job to receive benefits
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Transcript

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00:01 Let's take a look at how aggregate expenditure and consumption are impacted by unemployment insurance payments.
00:06 And we would like to know if these unemployment insurance payments do anything to keep consumption constant throughout the business cycle.
00:14 So within this business cycle, you can see i've grafted for us here.
00:18 We see that it comes and goes.
00:19 We have ebbs and we have flows, prosperity and depression, recession, recovery, peaks, troughs, all of these things that fall along this business cycle.
00:30 Simplified it for us just so that we could understand what consumption does.
00:33 So when we're in a depression, suppose, the economy is not doing so well.
00:38 We fall below this steady growth rate.
00:41 What we're likely to see is that consumption is going to decrease, right? because people aren't going to have as much money or as many assets.
00:49 They're not going to have that financial ability to consume as much as they may be once worse.
00:54 So as a result of this depression and lower incomes and profits, we're going to see consumption reduce...
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