Answered: Suppose the world price of steel falls…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter10: Unemployment

Section: Chapter Questions

Problem 2PA

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Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will . The temporary unemployment resulting from such sectoral shifts in the economy is best described as unemployment.

4. Sectoral shifts, frictional unemployment, and job searches
Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will
demand for labor among automobile-producing firms in Michigan, for which steel is an input, will
. The temporary unemployment
resulting from such sectoral shifts in the economy is best described as
unemployment.
Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that
apply.
Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks
Taxing the price of placing a resume or posting a job opening on a job-search website
The
Improving a widely used job-search website so that it matches workers to job vacancies more effectively

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