<span>Buoyant Economies Home Page. Many economies are experiencing slow rates of economic growth, high unemployment, rising domestic and foreign debt and high rates of inflation. ... The quality of money explains how the way money is created has an effect upon the economy.</span><span>Nov 7, 2016</span>
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government agencies is the first thing that comes to mind
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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.
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I think people didn’t want to buy as much food or products from out of their country because they would have to pay more and more money if they bought a lot of things outside of there country. I think the cause of theater was the tariffs.
Explanation: