Which of the following policies would reduce frictional unemployment?
A)a decrease in the minimum wage
B)a job retraining program
C)implementing an unemployment insurance policy
D)building an online job database that helps workers find jobs

Question

Quizplus · Accepted Answer

Building an online job database that helps workers find jobs would make it easier for them to search and apply for jobs, thereby reducing the time they spend unemployed between jobs. This would help to reduce frictional unemployment. A decrease in the minimum wage (option A) would not necessarily reduce frictional unemployment, as it may disincentivize workers from taking certain jobs. A job retraining program (option B) would address structural unemployment, rather than frictional unemployment. Implementing an unemployment insurance policy (option C) would provide temporary financial assistance to unemployed workers, but it would not directly address the issue of frictional unemployment.

Which of the Following Policies Would Reduce Frictional Unemployment