32. Governor Plans to Boost Economy with Eco-friendly Jobs Oregons 5.6 percent unemployment rate hovers close to

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32. Governor Plans to Boost Economy with Eco-friendly Jobs Oregon’s 5.6 percent unemployment rate hovers close to the national average of 5.5 percent. A few years ago, Oregon had one of the highest unemployment rates in the nation. To avoid rising unemployment, Oregon Governor Kulongoski introduced a plan that provides public schools and universities with enough state funds to meet growing demand for skilled workers. Also Kulongoski wants to use state and federal money for bridges, roads, and buildings to stimulate more construction jobs. Source: The Oregonian, July 8, 2008

a. What is the main type of unemployment that Governor Kulongoski is using policies to avoid? Explain.

b. How might these policies impact Oregon’s natural unemployment rate? Explain.

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Parkin Macroeconomics

ISBN: B0070OLVAC

10th Edition

Authors: Michael Parkin

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