Some of the promising approaches to reducing the natural rate of unemployment have to do with education, training, and job placement. What implementation problems do you anticipate?
What will be an ideal response?
Training and placement programs sometimes look better on paper than they look in practice. In some cases, people are trained for jobs that do not exist by the time they finish their training if, indeed, the jobs ever existed.The high cost of these programs restricts the number of workers who can be accommodated, even in successful programs. For this reason, publicly supported job training is done on a very small scale in the United States—much less than in most European countries. Small expenditures can hardly be expected to make a large dent in the natural rate of unemployment.
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The horizontal summation of the demands of each consumer at different price levels is called:
A. speculative demand. B. the market demand curve. C. the price elasticity of market demand. D. consumer surplus.
Arguments against the balanced budget amendment include all of the following EXCEPT
A) a balanced budget amendment would turn control of the federal budget over to the Judicial Branch. B) a balanced budget amendment would induce Congress to issue more mandates to states to increase spending. C) a balanced budget amendment would reduce the taxation burden on future generations. D) a balanced budget amendment would limit Congress from using fiscal policy during a recession.