Question
Determine whether each of the statements below, which relate to the changing target rate of unemployment over time, is true or false. If it is
Determine whether each of the statements below, which relate to the changing target rate of unemployment over time, is true or false. If it is false, rewrite it to make it true.
a. A younger overall workforce will lead to lower average structural unemployment.
b. The fact that two-earner families are less common today means that when someone becomes unemployed, they can't spend as much time looking for a new job. This decreases the target rate of unemployment.
c. Unemployment benefits allow people to be choosier about what job they take.
d. Large trade surpluses and large capital account outflows that hold the value of the dollar up tend to increase the target rate of unemployment for the U.S.
e. Goods that used to be produced in the United States are now produced abroad, which means that workers in these sectors must learn new skills or increase their reservation wage
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