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Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will_____ . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will_______ . The temporary unemployment resulting from such sectoral shifts in the economy is best described as________ unemployment.
Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply.
a. Improving a widely used job-search website so that it matches workers to job vacancies more effectively
b. Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks
c. Taxing the price of placing a resume or posting a job opening on a job-search website

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Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will decrease . The demand for labor among automobile-producing firms in Michigan, for which steel is an input, will increase . The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.

Improving a widely used job-search website so that it matches workers to job vacancies more effectively

Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks.

Answer: Options A and B.

Explanation:

Frictional unemployment is a sort of unemployment. It is once in a while called search unemployment and can be founded on the conditions of the person. It is time spent between employments when a specialist is scanning for an occupation or moving starting with one employment then onto the next.

Examples of frictional unemployment include: Quitting, a voluntary form of frictional unemployment. Termination, an involuntary form of frictional unemployment.