Essay
Discuss the likely impact of each of the following on the unemployment rate.
a.The length of time workers are eligible to receive unemployment benefit payments is reduced.
b.The government passes a law making trade unions illegal.
c.The minimum wage is raised by 50%.
d.The government funds an Internet site where companies can post job openings at no charge.
_____________________________________________________________________________________________
_____________________________________________________________________________________________
Correct Answer:

Verified
a.The unemployment rate will likely decr...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q65: The 'labour force' is the:<br>A)number of people
Q66: What is the 'non-accelerating inflation rate of
Q67: Why might firms pay wages that are
Q68: Why is 'frictional unemployment' unavoidable?<br>_<br>_
Q69: If a part-time worker becomes a full-time
Q71: Which of the following would reduce the
Q72: What is one of the questions asked
Q74: The natural rate of unemployment:<br>A)always fluctuates with
Q75: The demand for new motor vehicles falls
Q273: What is the natural rate of unemployment,and