Unemployment Insurance is a joint state-federal program that provides cash benefits to eligible workers. (https://oui.doleta.gov/unemploy/docs/factsheet/UI_Program_FactSheet.pdf). Some studies (https://www.nber.org/system/files/working_papers/w20869/w20869.pdf) find that unemployment insurance increases how long people stay unemployed. Can you think of any benefits of having unemployment insurance? Explain how this benefit could reduce the unemployment rate in the long run. You must use the economic theory discussed in Chapter 8 in your