RHW10ANS

RHW10ANS - Rhw10 5- 13 22 30 31 Question5 - Single Correct...

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Rhw10 5- 13 22 30 31 Question5 - Single Correct 1.0 Point Welfare reforms enacted in 1996 put more pressure on welfare recipients to look for work. The new law mandated cutting off benefits after a certain length of time. Which of the following is likely to occur as a result of this provision? A the natural rate of unemployment and the unemployment rate are likely to increase. B the natural rate of unemployment is likely to decrease, but the unemployment rate is likely to increase. C the natural rate of unemployment is not affected, but the unemployment rate is likely to increase. D the natural rate of unemployment is not affected, but the unemployment rate is likely to fall. ASSUMING THOSE ON WELFARE HAVE WEAK JOB SKILLS, ONE WOULD EXPECT AN INCREASE IN STRUCTURAL UNEMPLOYMENT, ALONG WITH FRICTIONAL AS THOSE FORMERLY ON WELFARE SEARCHED FOR JOBS. THE ‘FULL-EMPLOYMENT’ UNEMPLOYMENT RATE (AKA NATURAL RATE) WOULD THUS LIKELY GO UP ALONG WITH THE ACTUAL UNEMPLOYMENT RATE Question13 - Single Correct
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This note was uploaded on 02/05/2012 for the course 331 464 taught by Professor Hsu during the Spring '09 term at Rutgers.

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RHW10ANS - Rhw10 5- 13 22 30 31 Question5 - Single Correct...

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