Suppose the Government Decides to Set Up a Website to Link

question 15

Essay

Suppose the government decides to set up a website to link prospective employers and employees.Employers can post jobs and employees can then send resumes.
(A)How would this affect unemployment?
(B)How would this affect frictional and structural unemployment?
(C)How would this affect the natural unemployment rate?
(D)Suppose as a by-product of the service,the government is able to pool data on the skill level and experience of employees and the desired skill level and experience demanded by employers.Why would this information be valuable? How could it be used to reduce unemployment?

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Definitions:

Related Goods

Products or services that are either complements (used together) or substitutes (used in place of one another) affecting each other's demand.

Price-Inelastic Demand

A situation where the demand for a good or service is relatively unaffected by changes in its price.

Household Budget

a financial plan that allocates future personal income towards expenses, savings, and debt repayment.

Market Changes

Alterations or shifts in the conditions of a market, which can include changes in consumer preferences, technological advancements, or variations in supply and demand.