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Changing policies in the federal government can influence the unemployment rate.For each change below,explain how it will affect frictional or structural unemployment, and the direction
Changing policies in the federal government can influence the unemployment rate.For each change below,explain how it will affect frictional or structural unemployment, and the direction of that effect (increase or decrease).
a. Monthly unemployment benefit eligibility is expanded to "gig economy" workers, such as Uber drivers.
b. Waiters must receive minimum wage, not the lower "tipped wage."
c. Workers relocating from a low-growth to high-growth area of the United States receive a $2500 tax credit.
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