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Federal unemployment benefits were extended in 2013, allowing unemployed workers to receive up to 73 weeks of benefits depending on the unemployment rate of each state. This is an extension of a program that at its peak during the last recession offered up to a maximum of 99 weeks of unemployment benefits. How does extending the federal unemployment benefit program influence the unemployment rate?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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