How would each of the following changes likely affect the natural unemployment rate? a. A new law
Question:
a. A new law prohibits people from seeking employment before age 18 years.
b. A new internet service, CareerOwl.ca, makes it easy for people to check on the availability of jobs around the country.
c. The length of time that unemployed workers can receive Employment Insurance doubles.
d. A shift in the public's buying habits greatly expands the demand for sophisticated consumer electronics while reducing the demand for traditional consumer goods and services, such as clothing and restaurant meals.
e. Tight monetary policy, introduced to reduce the inflation rate, drives the economy into a recession.
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Related Book For
Macroeconomics
ISBN: 978-0321675606
6th Canadian Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
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