If labor market institutions change so that it becomes easier to find a job, and unemployed people are unemployed for smaller durations of time, what would happen to the natural rate of unemployment?
A. It would increase.
B. It would remain the same, since the number of workers has not changed.
C. It would decrease.
D. There is not enough information to determine what would happen.
Answer: C
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You increase the advertising intensity for your product in market A but not in market B. Sales in A rise from 1140 to 1180 units per week while sales in B fall from 1270 to 1230 . The Difference-in-difference estimate of the effect of the increased advertising is:
a. 0 units b. 80 units c. 100 units d. 120 units
As the price of a resource (e.g., labor) decreases,
a. demand for that resource increases b. the quantity demanded of that resource decreases c. the supply of that resource increases d. producers are more willing and able to hire that resource e. producers are less willing and able to hire that resource