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During the "Great Recession" of the 2000s millions of people who lost their jobs collected unemployment compensation. Benefits were extended well beyond the original 26 week period that is normal for this program.

Please respond to all of the following prompts:

Why is unemployment compensation provided? Who benefits and why?
Why was the benefit period extended?
Do you think people are less inclined to accept possible job offers while they are receiving benefits?
How long should a person wait until s/he accepts the idea that the wages previously earned may no longer be possible and a "lesser job" may be necessary?
Do you agree that being out of work for a long period of time decreases a person's chances of finding employment? Why or why not?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91230743
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