Other Things Being Equal,improvements in the Efficiency of Labour Markets

question 62

Multiple Choice

Other things being equal,improvements in the efficiency of labour markets that make it easier for firms to advertise prospective jobs and which reduce the effort of workers to search for jobs will

• A)decrease cyclical unemployment.
• B)decrease frictional unemployment.
• C)increase frictional unemployment.
• D)increase structural unemployment.
• E)increase NAIRU.

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Definitions:

Government Officials

Individuals who hold positions of authority in government institutions and are responsible for making and enforcing rules and laws.

Pork Barrel

Government spending for localized projects secured primarily to bring money to a representative's district, often criticized as wasteful and politically motivated.

Government Loan Subsidies

Financial support from the government that reduces the cost of borrowing for certain individuals, businesses, or sectors.

Special-Interest Effects

The impact of policies or actions that benefit a small group at the expense of the general public, often due to lobbying or political influence.