What type of unemployment do retraining programs seek to reduce? How might government-funded retraining influence the natural unemployment rate? Retraining programs seek to reduce the amount of _______ unemployment because _______. A. frictional; by giving workers the skills needed for the available jobs, people entering the labor force will immediately find employment B. cyclical; by giving workers the skills needed for the available jobs, recessions can be avoided C. structural; the programs aim to give workers the skills needed for the available jobs D. all types of; the natural unemployment rate will fall
What type of unemployment do retraining programs seek to reduce? How might government-funded retraining influence the natural unemployment rate? Retraining programs seek to reduce the amount of _______ unemployment because _______. A. frictional; by giving workers the skills needed for the available jobs, people entering the labor force will immediately find employment B. cyclical; by giving workers the skills needed for the available jobs, recessions can be avoided C. structural; the programs aim to give workers the skills needed for the available jobs D. all types of; the natural unemployment rate will fall
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
What type of unemployment do retraining programs seek to reduce?
How might government-funded retraining influence the natural unemployment rate?
Retraining programs seek to reduce the amount of _______ unemployment because _______.
A.
frictional; by giving workers the skills needed for the available jobs, people entering the labor force will immediately find employment
B.
cyclical; by giving workers the skills needed for the available jobs, recessions can be avoided
C.
structural; the programs aim to give workers the skills needed for the available jobs
D.
all types of; the natural unemployment rate will fall
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