The U.S.unemployment insurance program
A)increases the amount of time the unemployed spend searching for a job.
B)decreases the level of frictional unemployment.
C)pays the unemployed a benefit equal to twice the average wage.
D)eliminates structural unemployment.

Question

Quizplus · Accepted Answer

The U.S. unemployment insurance program provides financial assistance to individuals who are unemployed and actively searching for a job. By providing this financial support, the program can potentially increase the amount of time that unemployed individuals spend searching for a job, as they may not feel as pressured to accept a job that is not a good fit or may be more selective in their job search. However, the program may not necessarily decrease the level of frictional unemployment or eliminate structural unemployment as these factors are influenced by a variety of economic and labor market factors. Additionally, the program generally pays a benefit based on a percentage of previous earnings rather than a fixed amount equal to twice the average wage.

The U.S.unemployment Insurance Program