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 correct answer is option A and option D. Remaining in the parental house as well as financial independence are the two key differences between Collectivist cultures, values and Individualistic society for emerging adults.
The wants and objectives of the group as a whole are prioritized over the needs and preferences of each individual in collective cultures. In such societies, each person's identity is fundamentally shaped by their connections to other individuals and their relationships with other group members.
A collectivist culture is well represented by Korea. Loyalty is a key component of the extended family, which is particularly significant in Korean culture. People in Korea are devoted to their families and fellow citizens, and they also feel a sense of duty to Korean society as a whole.
Learn more about Collectivistic culture here
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Answer:
So that they could provide for their families.
Explanation:
If they dont they will go broke meaning they will become extreamly poor.
