Which Pair of Policies Is Likely to Reduce the Natural

question 145

Multiple Choice

Which pair of policies is likely to reduce the natural rate of unemployment?

• A) job training and employment subsidies
• B) high minimum wages and generous unemployment benefits
• C) job training and higher minimum wages
• D) employment subsidies and policies designed to strengthen labour unions

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Definitions:

Coffee Club

An informal group or organization formed by individuals who share a common interest in drinking coffee and social interaction.

Big Bank

A large, influential financial institution capable of exerting significant impact on the national or global economy.

Banking System

The network of financial institutions that provide banking services, such as accepting deposits and lending money.

Drawer

In financial transactions, the drawer is the person who writes or issues a cheque or draft, instructing their bank to pay a specified sum of money to the payee or bearer.