Asked by Aaliyah Simoné on Apr 27, 2024
Verified
Policies that reduce the time it takes unemployed workers to find new jobs can reduce the economy's natural rate of unemployment.
Natural Rate Of Unemployment
The level of unemployment consistent with a stable rate of inflation, where labor market is in equilibrium.
Unemployed Workers
Individuals who are without a job but are actively seeking employment.
- Identify the impact of government policies and actions on unemployment rates.
- Identify the efficiency of government initiatives in diminishing joblessness.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
True
Explanation :
Policies that expedite the job-finding process for unemployed workers can effectively lower the natural rate of unemployment by decreasing the duration of unemployment and improving the match between job seekers and job vacancies, thus enhancing overall labor market efficiency.
Learning Objectives
- Identify the impact of government policies and actions on unemployment rates.
- Identify the efficiency of government initiatives in diminishing joblessness.
Related questions
Critics of Government-Run Employment Agencies and Public Training Programs Argue ...
An Improved Functioning of the Labor Markets Will Shift ...
In the Context of Fiscal Policy,increased Taxes and Reduced Government ...
If We Compare the U ...
The Unemployment Rate Will Increase Whenever There Is A(n) ...