Most economists agree that eliminating unemployment insurance would increase the amount of unemployment in the economy.

Question

Quizplus · Accepted Answer

Most economists believe that unemployment insurance provides a safety net for individuals who lose their jobs, allowing them to spend money on goods and services, which helps to stabilize the economy. Eliminating it could reduce consumer spending, potentially leading to higher unemployment, but the statement as phrased suggests the opposite effect, which is not the consensus view.

Most Economists Agree That Eliminating Unemployment Insurance Would Increase the Amount