Answer:
Common
Explanation:
Common law is a set of laws established by judicial authorities based on past events. These are informal unwritten laws that courts are allowed to use if similar case arises. So decision can be taken based on precedent.
This is used if existing written laws are not enough to decide the fate of a case. It is at the discretion of the judge to interpret the precedent and apply in the current situation.
the answer is all of the above :) hope this helps!!
Answer:
The correct answer is letter "A": With the longer duration of unemployment benefits, firms needed to keep wages high to attract people to work. This caused downward wage rigidity, leading to persistent higher unemployment.
Explanation:
The Great Recession (2007-2009) is the period in U.S. economics when it suffered a high-scale dwindle as a result of the collapse in the real estate market and the subprime mortgage crisis. The financial sector collapsed as well forcing some banks to declare bankruptcy.
In this context, long-lasting unemployment benefits were provided such us <em>downward wage rigidity</em>, which implied employers were unable to reduce the salaries in dollar terms. By doing that, having low to none income, in order to meet their income objectives, major organizations had to lay off employees directly causing the rate of unemployment increase.