How will the following changes affect the natural rate of unemployment? Specifically, do they increase or decrease the natural rate of unemployment? Do they affect frictional unemployment or structural unemployment? a. Union membership increases. b. The government shortens the time during which an unemployed worker can receive unemployment benefits. c. The government increases the minimum wage. d. Greater access to the Internet leads both potential employers and potential employees to use the Internet to list and find jobs.

How will the following changes affect the natural rate of unemployment? Specifically, do they increase or decrease the natural rate of unemployment? Do they affect frictional unemployment or structural unemployment? a. Union membership increases. b. The government shortens the time during which an unemployed worker can receive unemployment benefits. c. The government increases the minimum wage. d. Greater access to the Internet leads both potential employers and potential employees to use the Internet to list and find jobs.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter10: Aggregate Supply

Section: Chapter Questions

Problem 1.1P

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