Which of the Following Would Be Most Likely to Reduce

question 118

Multiple Choice

Which of the following would be most likely to reduce the rate of unemployment?

• A) a business recession
• B) an Internet job listing system that makes it easier to get information about job openings and available employees
• C) an increase in unemployment compensation benefits
• D) a rise in the minimum wage

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Definitions:

Unemployment

A situation where individuals who are willing and able to work cannot find a job.

Persistent Unemployment

A situation where unemployment remains high or continues over a long period, often due to structural factors in the economy.

Wage Discrimination

The practice of paying different wages to employees who perform similar jobs, based on non-job-related factors like gender, race, or age.

Efficiency Wage

A wage set above the market equilibrium to increase productivity by encouraging higher effort or reducing turnover among employees.