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Economics

Question: Jared Bernstein, an economist at the Center on Budget and Policy Priorities, has stated: "I want to see receipt of unemployment insurance go up in recessions." If government unemployment insurance payments didn't go up, he explains, it "would be a sign that something's very wrong." What would be very wrong about government unemployment insurance payments failing to rise during a recession? What would be the consequences for the unemployed and for the economy?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93109572

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