Which of the following would be the best choice for a government that wishes to reduce the natural rate of unemployment?
a. Reducing investments in education that will decrease the productivity of workers
b. Imposing laws that will protect workers from getting laid off
c. Providing unemployment benefits for a prolonged period of time
d. Adopting measures that encourage new businesses to start and expand
d
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Appendix: When two or more "independent" variables are highly correlated, then we have:
a. the identification problem b. multicollinearity c. autocorrelation d. heteroscedasticity e. complementary products
In a market, to find the total amount supplied at a particular price, we must
a. sum the quantities that individual firms are willing and able to supply at that price. b. calculate the average of the quantities that individual firms are willing and able to supply at that price. c. sum the costs that individual firms incur to supply the product at that price. d. account for all determinants of demand.
At the height of the 2008 financial crisis, in the time it took a completely full oil tanker to travel from Saudi Arabia to the United States, the price of oil fell nearly $50 per barrel. According to the expected price formulation, that could happen because
In November 2008, the leaders of the ________ met in an emergency meeting in Washington to coordinate their responses in terms of both macroeconomic and financial policies
A) G20 B) G7 C) OECD countries D) G8