ECONOMICS
BUSINESS CYCLES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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An short run increase in domestic output
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An increase in structural unemployment
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An increase in the labor force
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A decrease in cyclical unemployment
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A decrease in unemployment benefits paid by the government
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Detailed explanation-1: -Productivity and Technological Advancements Unexpected increases in productivity can lead to a higher demand for labor at a given wage rate, and if the change persists in the long term, it can decrease the natural rate of unemployment.
Detailed explanation-2: -The answer is: d. government aid to retrain unemployed workers.
Detailed explanation-3: -The natural unemployment rate is the minimum unemployment rate resulting from real or voluntary economic forces. It represents the number of people unemployed due to the structure of the labor force, such as those replaced by technology or those who lack the skills to get hired.
Detailed explanation-4: -Option a) is correct: an increase in the number of younger, less-skilled workers in the economy.