Business, 29.11.2019 23:31, amberreid028
Suppose the world price of steel rises substantially. the demand for labor among steel-producing firms in pennsylvania will increase. the demand for labor among automobile-producing firms in michigan, for which steel is an input, will decrease. the temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.
suppose the government wants to reduce this type of unemployment. which of the following would achieve this goal?
a. increasing the benefit offered to unemployed workers through the government's unemployment insurance program
b. improving a widely used job-search website so that it matches workers to job vacancies more efficiently
c. taxing the price of placing a resume or posting a job opening on a job-search website
Answers: 3
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Suppose the world price of steel rises substantially. the demand for labor among steel-producing fir...
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