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26 May, 07:15

Which of the following factors would decrease the rate of frictional unemployment?

a. Increased short term unemployment benefits.

b. Improvements in technology that make skills that were once valued by employers obsolete.

c. The advent of the internet which makes finding available jobs easier.

d. An increase in the number of jobs available due to an increase in GDP.

True or False? When the economy is doing well, a significant share of unemployment is frictional.

a. True

b. False

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Answers (1)
  1. 26 May, 07:18
    0
    Letter c is correct! The advent of the internet which makes finding available jobs easier.

    Explanation:

    This alternative is correct because frictional unemployment happens in a natural way in the economy, it is due to the mobility of people to leave their jobs for conventional causes and to look for others elsewhere. So looking for a job on the internet is an alternative that would decrease frictional unemployment.

    2 - True or False? When the economy is doing well, a significant share of unemployment is frictional.

    True.

    When an economy is doing well and stabilized, the unemployment that usually occurs is frictional, because it is a form of natural employment that occurs without the interference of decisive economic factors, such as economic imbalance. Frictional unemployment occurs when there is labor mobility and transition periods from one job to another.
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