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Discuss the Likely Impact of Each of the Following on the Unemployment

Question 154

Essay

Discuss the likely impact of each of the following on the unemployment rate:
a.The length of time workers are eligible to receive unemployment insurance payments is cut in half.
b.The government passes a law making labor unions illegal.
c.The minimum wage is raised by 50 percent.
d.The government funds an Internet site where companies can post job openings at no charge.

Correct Answer:

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a.The unemployment rate will likely decr...

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