Suppose the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly. The policy will cause the natural rate of unemployment to _______, which will:A. shift the long-run aggregate supply curve to the left B. not affect the long-run aggregate supply curve C. shift the long-run aggregate supply curve to the right

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Answer:

The correct answer is C. If the government passes a law that reduces unemployment benefits in a way that causes unemployed workers to seek out new jobs more quickly. The policy will cause the natural rate of unemployment to fall, which will shift the long-run aggregate supply curve to the right .

Explanation:

Unemployment occurs when there is a greater supply of labor than what is demanded. This means that there are people who seek employment at the regular wage rates, but who are unable to get employment in the open labor market. Unemployment also means that people who actually want to work (and who are unemployed) cannot work with what they are qualified for.

Unemployment is a social problem, and low unemployment and high employment are important in order to develop and maintain a welfare society. For each individual, work is the most important insurance for their own welfare and social inclusion.

If the aforementioned law were approved, and the unemployed began to look for work imminently (even leaving aside some pretensions), many of them would get a job in a shorter time than if this law were not approved, which would decrease the country's unemployment rate.

Answer:

The policy will cause the natural rate of unemployment to fall, which will shift the long-run aggregate supply curve to the right .

Explanation:

  • Unemployment happens during a character who is actively seeking work is inadequate to get a profession.
  • Unemployment is usually practiced as a device of the strength of the administration.
  • The various common type of lay-off is the unemployment price, which is the number of unemployed forms classified by the number of characters in the workforce.

Therefore, the correct option is C, shift the long-run aggregate supply curve to the right

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