Suppose the world price of aluminum falls significantly. The demand for labor among aluminum-producing firms in Pittsburgh will decrease demand for labor among airplane manufacturing firms in Washington, which use aluminum as an input, will unemployment that results from sectoral shifts such as the ones describes above is best categorized as frictional The temporary unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. O Improving a widely used job-search website so that it matches workers to job vacancies more effectively Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government The

Suppose the world price of aluminum falls significantly. The demand for labor among aluminum-producing firms in Pittsburgh will decrease demand for labor among airplane manufacturing firms in Washington, which use aluminum as an input, will unemployment that results from sectoral shifts such as the ones describes above is best categorized as frictional The temporary unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. O Improving a widely used job-search website so that it matches workers to job vacancies more effectively Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government The

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 16P

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While unemployment is highly negatively correlated with the level of economic activity, in the real world it responds with a lag. In other wands, firms do not immediately lay off workers in response to a sales decline. They wait a while before responding. Similarly, firms do not immediately hire workers when sales pick up. What do you think accounts for the lag in response time?
Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania willdecrease . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, willincrease . The temporary unemployment resulting from such sectoral shifts in the economy is best described asfrictional unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply.
Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania willdecrease . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, willincrease . The temporary unemployment resulting from such sectoral shifts in the economy is best described asfrictional unemployment.
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Between January 20JO and Janual'}• 2016, U.S.employment increased by 12.1 million workers, butthe number ol unemployed workers declined by mlly7.3 million. How are these numbers ronsistent witheach other? V.'hy might one expect a reduction in thenumber of people rounted as unemployed lo be smaUerthan the increase in the number of people employed?
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