6. How would each of the following likely affect the natural unemployment rate? a. A new law...
Question:
6. How would each of the following likely affect the natural unemployment rate?
a. A new law prohibits people from seeking employ ment 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 workers who are unem ployed 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 tradi tional consumer goods and services, such as cloth ing and restaurant meals.
e. Tight monetary policy, introduced to get the inflation rate down, drives the economy into a recession.
Step by Step Answer:
Macroeconomics
ISBN: 9781292446127
11th Edition
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore