Which of the following would decrease the unemployment rate?
A)an increase in the minimum wage
B)an increase in the efficiency wage
C)an increase in labor union membership
D)government aid to retrain unemployed workers

Question

Quizplus · Accepted Answer

Government aid to retrain unemployed workers would help them gain new skills and make them more employable, which would ultimately decrease the unemployment rate. While increases in the minimum wage or labor union membership can provide benefits to workers, they may also lead to job losses in certain sectors or industries. An increase in the efficiency wage may lead to higher productivity among workers, but it would not necessarily directly address the issue of unemployment.

Which of the Following Would Decrease the Unemployment Rate