1. 6. How would each of the following likely affect the natural unemployment rate? a. A new...
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1. 6. How would each of the following likely affect the natural unemployment rate?
a. A new law prohibits people from seeking employment before age eighteen.
b. A new Internet service, Findwork.com, 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 government benefits increases from six months to one year.
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 get the inflation rate down, drives the economy into a recession.
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