Which of the following would be most likely to reduce frictional unemployment? EXPLAIN WHY PLEASE a...

Which of the following would be most likely to reduce frictional unemployment? EXPLAIN WHY PLEASE

a The government increases unemployment insurance benefits.

b A new law bans labor unions

c the government eliminates the minimum wage.

d More workers post their resumes at LinkedIn.com, and more employers use LinkedIn.com to find suitable workers to hire.

E. Sectoral shifts become more frequent.

Solutions

Expert Solution

"E"

Frictional unemloyment in the market occurs because there is a gap between the time a person leaves a job and when he gets a new job, now websites like linkedin and other such services will help people and the employer meet, thereby reducing the frictional unemployment in the market.

Rahul Sunny answered 1 year ago

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