19. Which of the following policies does NOT increase structural unemployment? (A) Shutting down job-matching centres. (B) Vaccine mandates at workplaces. (C) Replacing human professors with online AI teachers. (D) Minimum wages.

answer oll parts

Labor force participation rates have been falling from most (though not all) segments of the working age population. (a) How do you explain this when simultaneously so many people are complaining about their economic situation? (b) How does the Earned Income Tax Credit (EITC) attempt to deal with this problem?

Assume an economy has a population of working age of 83 million and unemployment rate is 4%. Further, the average productivity of labour is 80,000 and the average mark-up in the economy (µ) is 5%. The wage-setting curve for this economy is given by real wage = 55,000 + 25, 000X, with X representing the employment rate. The labour market is in equilibrium. (a) Calculate the equilibrium real wage of the economy. (b) Calculate the employment rate of the economy. Calculate the number of employed workers in the economy. (d) s) Calculate the participation rate of the economy.

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(c) Why is the unemployment rate in labour market equilibrium also called the "inflation-stabilizing rate of unemployment"? (d) Which is better for the economy, when the rate of inflation is 3% or 0%?

9. Structural unemployment occurs becauseA. it takes time for workers to search for the jobs that best suit their tastes and skills.B. minimum wage laws force the wages to remain above their equilibrium levels.C. some people are economically inactive.D. the number of jobs available in some labour markets is insufficient to provide a job for everyone who wants one. PROVIDE A BRIEF WRITTEN EXPLANATION JUSTIFYING YOUR CHOICE.