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.
The answer is false hope it helps
Answer:
underground economy
Explanation:
Underground economy -
It is the economic transaction which is consider to be a form of illegal activity , which may be due to the goods and services or failure in transaction , is referred to as underground economy.
The example of underground economy is smuggling of goods , untaxed sale of the goods and services , untaxed labor etc.
Hence , from the given scenario of the question ,
The correct term is underground economy .
Answer:
Lake Michigan, Lake Superior, Lake Huron, Lake Erie, and Lake Ontario
Answer:
C. view themselves as interdependent, forming an identity based on that of their family and friends.
Explanation:
Collectivists
It emphasize on goals and the needs of a group as the whole , over the desires and needs of an individual .
In the culture of Collectivism , the relationship between the members plays a central role in the identity of each person .
Hence ,
Collectivists view themselves as interdependent person , with an identity based on that of their friends and family .
