One Way for Governments to Try and Minimize the Effects

question 73

Multiple Choice

One way for governments to try and minimize the effects of structural unemployment is to:

• A) subsidize retraining programs.
• B) increase unemployment benefits.
• C) mandate employers cannot fire anyone.
• D) All of these are ways that would minimize the effects of structural unemployment.

Recognize the role of financial intermediaries and their importance in channeling savings to borrowers.

Identify and explain the functions of money within an economy.

Grasp the components of the money supply (M1 and M2) and their significance.

Comprehend the concept of bank reserves and the fractional reserve banking system.

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Definitions:

High Aspiration

The strong desire or ambition to achieve something, often requiring significant effort or aiming at a high level of accomplishment.

Big Three Traits

A model in personality psychology that describes personality through three broad dimensions: extraversion, neuroticism, and agreeableness.

Auke Tellegen

A psychologist known for his work in personality psychology, particularly for the development of the Multidimensional Personality Questionnaire.

In-group Loyalty

The tendency for individuals to give priority to the welfare of their own group over others, often leading to strong support and defense of the group's members and values.