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 soviet union lost the most lives during world war 2
These are all examples of Ethical Issues.
- Discrimination, harassment, unethical accounting, technology misuse, data privacy, health and safety, and favoritism and nepotism are some of the most often encountered ethical challenges. The majority of these worries occur at work.
<h3><u>What social ethics exist?</u></h3>
- The distribution of economic commodities, human subjects research, animal rights, euthanasia, abortion, discrimination and affirmative action, , crime and punishment, and war and peace are a few examples of the types of concerns that fall within the category of social ethics.
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Troubled Assets Relief Program (TARP) is a program of the United States government whose main purpose is to purchase assets and equity from financial institutions in order to strengthen its financial sector. It was signed by President George W. Bush on October 3.
