Question
In: Economics
The government of Canada, to reduce the unemployment rate, has announced to give a payment q...
The government of Canada, to reduce the unemployment rate, has announced to give a payment q to the worker who lost their jobs due to COVID-19 pandemic for staying home and not searching for the job. Since anyone who chooses not to search for a job is considered not in the labor force hence lowers the unemployment rate. You as a federal policy economist believe that a better policy to reduce the unemployment rate is that the government should give a subsidy s to any firm that hires a worker. Using the two-sided search model explain that your proposed policy is more effective in achieving the government’s goal of reducing the unemployment rate.
Solutions
Rahul Sunny answered 2 years agoRelated Solutions
A government is trying to reduce inflation but this has led to higher unemployment. Explain the...
A government is trying to reduce inflation but this has led to
higher
unemployment. Explain the role of the prices stickiness in
causing these trade-offs?
Hello ?? How can a government of particular country reduce the unemployment rate using decision support...
Hello ??
How can a government of particular country reduce the
unemployment rate using decision support system (visualization of
the data into more useful form) who are the users of it and what
are the factors affecting the unemployment that could be part of
the solution alternatives
Discuss why it is very difficult to reduce the unemployment rate below the natural rate?
Discuss why it is very difficult to reduce the
unemployment rate below the natural rate?
The Trump administration has announced that one of the programs that will be eliminated to reduce...
The Trump administration has announced that one of the programs
that will be eliminated to reduce the Agency’s costs is Energy
Star.
a) List the requirement of residences that can be labeled as
Energy Star. Why is this program considered a voluntary
environmental action?
b) The Energy Star program is considered a voluntary program.
Compare the objectives of a command and control policy versus those
that are purely voluntary in the long run (e.g. efficiency gains).
For example, discuss under...
The Trump administration has announced that one of the programs that will be eliminated to reduce...
The Trump administration has announced that one of the programs
that will be eliminated to reduce the Agency’s costs is Energy
Star. a. List the requirement of residences that can be labeled as
Energy Star. Why is this program considered a voluntary
environmental action? b. The Energy Star program is considered a
voluntary program. Compare the objectives of a command and control
policy versus those that are purely voluntary in the long run (e.g.
efficiency gains). For example, discuss under...
The natural rate of unemployment is the unemployment rate at which the inflation rate has no...
The natural rate of unemployment is the unemployment rate at
which the inflation rate has no tendency to increase or decrease.
However, the natural rate of unemployment is not fixed. What causes
changes in the natural rate of unemployment? Which of the
following will not cause the natural rate of unemployment to
change?
A. Many previous periods with high rates of unemployment.
B. Changes in the money supply resulting from monetary
policy.
C. Changes in labor market institutions.
D. Changes...
Questions In Canada, the natural rate of unemployment is 6 percent, while in the US it...
Questions
In Canada, the natural rate of unemployment is 6 percent, while
in the US it is only 4 percent. Explain why there is a difference
between these two countries. How does a country determine it’s
natural rate of unemployment
Looking on the Statistics Canada Website find the data
pertaining to the consumer price index. What is the base year that
Stats Can is currently using? Why are they using this year? Are
there any plans to change this
What...
Why does the unemployment rate in the United States tend to be lower than the unemployment rate in Canada given similar economic performance?
Why does the unemployment rate in the United
States tend to be lower than the unemployment rate in Canada given
similar economic performance?
A decrease in the labor participation rate can help reduce the unemployment rate. t/f
A decrease in the labor participation rate can help reduce the
unemployment rate.
t/f
Explain two policy recommendations that can reduce the natural rate of unemployment.
Explain two policy recommendations that can reduce the natural
rate of unemployment.
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