Which of the following would reduce the natural rate of unemployment? a. The Internet provides more...
Which of the following would reduce the natural rate of unemployment?
|
a. |
The Internet provides more readily available information about available jobs. |
|
b. |
Provincial legislators voting for increasing minimum wage. |
|
c. |
Laws are passed that make it more difficult to monitor the efforts of workers. |
|
d. |
All of the above are correct. |
Homework Answers
The answer is option a- The Internet provides more readily available information about available jobs.
Natural unemployment is the minimum unemployment rate arising from actual or voluntary economic forces, or the natural rate of unemployment. Natural unemployment reflects the number of people who are unemployed due to the labor force structure, such as those who have been replaced by technology or those who lack certain skills in order to gain employment.
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Which of the following would reduce the natural rate of
unemployment?
a.
The Internet provides more...
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the...
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the type of unemployment that will be affected and the direction of the change. a. The government reduce the length of time a worker may receive unemployment benefits. Frictional Unemployment would be reduced a lower the natural rate of unemployment b. More teenagers delay looking for jobs until after they complete their college education. Frictional unemployment woulld be reducedd lowered natural Rate of unemployment c....
Which of the following would reduce the natural rate of unemployment? a. an increase in the...
Which of the following would reduce the natural rate of unemployment? a. an increase in the rate of money growth but not increased unemployment compensation b. an increase in unemployment compensation but not an increase in the rate of money growth. c. neither an increase in unemployment compensation nor an increase in the rate of money growth. d. both an increase in the rate of money growth and increased unemployment compensation
Which of the following statements is (are) correct? (x)Minimum wage laws that raise the raise the...
Which of the following statements is (are) correct? (x)Minimum wage laws that raise the raise the minimum wage above the equilibrium wage in the unskilled labor market contribute to the natural rate of unemployment. (y)Minimum wages create unemployment in markets where they create a surplusof labor. Unemployment of this type is called structural. (z)If some wages are forced above the equilibrium level and they are not able to return to equilibrium, then the economy experiences an increase in structural unemployment...
1. Which of the following statements about the labor market is (are) correct? (x) The supply...
1. Which of the following statements about the labor market is (are) correct? (x) The supply curve reflects job seekers and the demand curve reflects the jobs that are available. (y) Workers determine the demand for labor, and firms determine the supply of labor. (z) The minimum wage is an example of a price floor because the government has mandated a minimum price of labor. A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only...
Which of the following policies is NOT intended to alter frictional unemployment? O A. lowering the...
Which of the following policies is NOT intended to alter frictional unemployment? O A. lowering the minimum wage for teenagers. O B. improving the information about available jobs and current wage rates. O C. creating a computer list of job openings and a service that matches employees with job vacancies. O D. All of the above are designed to alter this type of unemployment.
The imposition of a binding (effective) minimum wage above the equilibrium wage in the unskilled labor...
The imposition of a binding (effective) minimum wage above the equilibrium wage in the unskilled labor market will (x) reduce the number of unskilled persons employed because of a decrease in the quantity supplied of labor (y) increase the unemployment rate because of a decrease in the quantity demanded of labor (z) reduce employment of unskilled persons because of a decrease in the quantity demanded of labor. A. (x), (y) and (z) B. (x) and (y) only C. (x) and...
increase total expenditures in order to reduce unemployment. Which of the following would achieve this objective...
increase total expenditures in order to reduce unemployment. Which of the following would achieve this objective Assume that the government is considering different O a. increasing government spending O b. decreasing taxes O c. All of the above are correct O d. increasing transfer payments
Which of the following conditions might cause the unemployment rate to be less than the natural...
Which of the following conditions might cause the unemployment rate to be less than the natural rate of unemployment? A. Demand for products is so high that firms raise their prices to take advantage of extra profits. B. The government decreases unemployment benefits. C. Demand for products is so high that firms keep their factories open for additional hours of production and pay their workers overtime. D. The economy enters a recession, so firms start to produce more to help...
Which of the following would help reduce the amount of frictional unemployment? Choose one or more:...
Which of the following would help reduce the amount of frictional unemployment? Choose one or more: A. interviewing a wide variety of candidates to ensure a diverse workforce B. government policies to help promote a stagnant economy C. providing tax breaks to firms that engage in technological innovations D. Websites that advertise job openings across the country E. government policies to limit outsourcing of jobs
3rd attempt Which of the following can be responsible for a drop in the unemployment rate?...
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
2. (20 points) How will the following changes affect the natural rate of unemployment? Identify the type of unemployment that will be affected and the direction of the change. a. The government reduce the length of time a worker may receive unemployment benefits. Frictional Unemployment would be reduced a lower the natural rate of unemployment b. More teenagers delay looking for jobs until after they complete their college education. Frictional unemployment woulld be reducedd lowered natural Rate of unemployment c....
Which of the following would reduce the natural rate of unemployment? a. an increase in the rate of money growth but not increased unemployment compensation b. an increase in unemployment compensation but not an increase in the rate of money growth. c. neither an increase in unemployment compensation nor an increase in the rate of money growth. d. both an increase in the rate of money growth and increased unemployment compensation
Which of the following policies is NOT intended to alter frictional unemployment? O A. lowering the minimum wage for teenagers. O B. improving the information about available jobs and current wage rates. O C. creating a computer list of job openings and a service that matches employees with job vacancies. O D. All of the above are designed to alter this type of unemployment.
increase total expenditures in order to reduce unemployment. Which of the following would achieve this objective Assume that the government is considering different O a. increasing government spending O b. decreasing taxes O c. All of the above are correct O d. increasing transfer payments
3rd attempt Which of the following can be responsible for a drop in the unemployment rate? Choose one or more: A. More people become employed. B. The labor force shrinks. C. There is an increase in the number of discouraged workers. D. More people with full-time jobs become part-time workers. 2nd attempt Which of the following can lower the level of frictional unemployment over time? Choose one or more: A. reducing the regulations on hiring practices in a country B....
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