Which of the following will most likely reduce the natural rate of unemployment?
a. an increase in the minimum wage
b. an increase in unemployment benefits
c. an increase in the proportion of prime-age workers (35-54) as a share of the labor force
d. an increase in the labor force participation rate of teenagers
C
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The natural unemployment rate is ________ unemployment rates
A) the sum of the turnover and cyclical B) the sum of the turnover and mismatch C) the sum of the structural and cyclical D) the sum of the structural, cyclical, and frictional E) the cyclical minus the mismatch
A federal policy that leads to an increase in aggregate supply is likely to result in: a. lower levels of employment
b. an increase in aggregate demand. c. a higher price level. d. lower levels of real GDP. e. an economic expansion.
The International Monetary System was established
A) by the United Nations. B) by the Bretton Woods Agreement. C) by the United States, in cooperation with Great Britain. D) during the Great Depression by the League of Nations.
There is an externality present only when
A) private costs equal social benefits. B) private benefits equal social benefits. C) private costs or benefits diverge from social costs or benefits. D) private costs equal social costs.