when the nation went through a deep recession in the early 1980s and 2007-2009, the unemployment rate reached A. 10%.
<h3>what was the unemployment rate in 2007-2009?</h3>
after the disastrous Great Recession started in late 2007, companies were forced to terminate people's contracts to stay afloat.
this led to unemployment reaching levels of around 10% of the labor force. This had not been seen in the U.S. since the early 1980s.
options for this question include:
A. 10%. B. 20%. C. 30%. D. 40%.
find out more on the recession of 2008 at
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Accord According to the California Insurance Code, any individual who unwilfully takes part in an out of line strategy for rivalry is obligated to the state for a fine of up to $5,000 per infringement. In the event that the demonstration is resolved to be headstrong, the fine won't surpass $10,000 per act.
Answer:
Option A, “the substitution effect dominates the income effect” is correct.
Explanation:
If the real wage increases then the opportunity cost for leisure will also increase. Therefore, an increase in real wages and a rise in the opportunity cost of leisure induce labor to supply more workforce or labor force. This is known as the substitution effect. Moreover, when this substitution effect is greater than the income effect then the supply curve for labor is upward sloping.
Compounding. If you compound your interest, then your interest rate will go up, and you get more interest.
<span>practice effects and also collaborating </span>
