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Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal?Check all that apply.Establishing government-run employment agencies to connect unemployed workers to job vacanciesTaxing the price of placing a resume or posting a job opening on a job-search websiteIncreasing the benefits offered to unemployed workers through the government's unemployment insurance programPoints:0.67 / 1Close ExplanationExplanation:Unemployment benefits tend to reduce the job-search efforts of the unemployed. Workers receiving unemployment insurance generally take longer to find new work, contributing to frictional unemployment in the interim. Extending or increasing unemployment benefits will contribute to additional frictional unemployment. Note that unemployment insurance is not necessarily bad.
Preventing some hardship associated with unemployment may be well worth the cost of some additional frictional unemployment.Reducing the average amount of time spent searching for a job would lower an economy's frictional unemployment and, by extension, its natural rate of unemployment. Job-search websites can connect unemployed workers to firms with job vacancies. A site that matches workers to vacancies more effectively would reduce the amount of time that workers spend looking for jobs and allow employers to fill vacancies more quickly. Government-run employment agencies connect unemployed workers to firms in need of additional labor. Employment bonuses given to unemployed workers who are receivingunemployment insurance benefits would give workers an incentive to find work more quickly. This would reduce frictional unemployment by decreasing the time the unemployed take to find work.2. Discouraged workers
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.)Check all that apply.They are full-time workers who would like to work only part-time.They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.They are dissatisfied with their current jobs and are considering quitting.They are employed workers who want to earn higher wages.Points:1 / 1Close ExplanationExplanation:Any jobless person who has not looked for work in the past 4 weeks is not in the labor force according to the Bureau of Labor Statistics (BLS). Some of these jobless people who are not in the labor force indicate that they'd like to have a job and are available for work. The BLS classifies such people as marginally attached workers. Discouraged workersare marginally attached workers who give a job-market-related reason for giving up on their job search. Typically, discouraged workers give up ontheir search because they feel that there are no current opportunities for them in the labor market.