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Which pair of policies is likely to reduce the natural rate of unemployment?

a. job training and higher minimum wages

b. job training and employment subsidies

c. employment subsidies and policies designed to strengthen labor unions

d. high minimum wages and generous unemployment benefits

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Kristelle Balando
Kristelle BalandoLv10
27 Jan 2021

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Related questions

Which of the following measures will lower the natural rate of​unemployment? 

A. More high school graduates enter college without looking for employment right away.

B. Government increases the duration of unemployment compensation benefits.

C. Government increases spending to reduce job loss during a recession.

D. The labour force becomes less educated over time.

Discuss how the following changes would affect the natural (or frictional) rate of unemployment:

a. Elimination of unions.

b. Increased participation of teenagers in the labor market.

c. Larger fluctuations in the level of aggregate demand.

d. Increase in unemployment benefits.

e. Elimination of minimum wages.

f. Larger fluctuations in the composition of aggregate demand.

Sectoral shifts, frictional unemployment, and job searches

Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will ................ The demand for labor among textile-producing firms in South Carolina for which cotton is an input, will............. ·The temporary unemployment resulting from such sectoral shifts in the economy is best described as ...............unemployment.

Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply.

1. Establishing government-run employment agencies to connect unemployed workers to job vacancies

2. Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks

3. Increasing the benefits offered to unemployed workers through the government's unemployment insurance program

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