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.   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 vacancies   Taxing the price of placing a resume or posting a job opening on a job-search website   Increasing the benefits offered to unemployed workers through the government's unemployment insurance program

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Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.