Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Suppose the government passes a law that reduces unemployment benefits in a way that cause...

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

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 __________. This will result in which of the following?

a. A shift the long-run aggregate supply curve to the left.

b. A shift the long-run aggregate supply curve to the right

c. No effect on the long-run aggregate supply curve

Apr 22 2021 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions