The following policies have at times been advocated for coping with unemployment. Briefly explain how each might work and explain which type or types of unemployment (frictional, structural, or cyclical) each policy is designed to alter. a. A computer list of job openings and a service that matches employees with job vacancies (sometimes called an “economic dating service”) b. Lower minimum wage for teenagers c. Retraining programs for workers who need to learn new skills to find employment d. Public employment for people without jobs e. Improved information about available jobs and current wage rates f. The president’s going on nationwide TV and attempting to convince firms and workers that the inflation rate next year will be low
The following policies have at times been advocated for coping with
a. A computer list of job openings and a service that matches employees with job vacancies (sometimes called an “economic dating service”)
b. Lower minimum wage for teenagers
c. Retraining programs for workers who need to learn new skills to find employment
d. Public employment for people without jobs
e. Improved information about available jobs and current wage rates
f. The president’s going on nationwide TV and attempting to convince firms and workers that the inflation rate next year will be low
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