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Author Question: The U.S. unemployment insurance program A) decreases the level of frictional unemployment. B) ... (Read 63 times)

ssal

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The U.S. unemployment insurance program
 
  A) decreases the level of frictional unemployment.
  B) pays the unemployed a benefit equal to twice the average wage.
  C) increases the amount of time the unemployed spend searching for a job.
  D) eliminates structural unemployment.

Question 2

How will an increase in labor productivity affect equilibrium in the labor market?
 
  A) The demand for labor will increase and the equilibrium wage and quantity of labor will increase.
  B) The demand for labor will decrease because fewer workers will be needed to produce the same output. The equilibrium wage and quantity of labor will decrease.
  C) The supply of labor will increase and the equilibrium wage and quantity of labor will increase.
  D) The demand for jobs will increase and the equilibrium wage and quantity of labor will increase.


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Jayson

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