Which one of the following would likely reduce the level of structural unemployment?
A) increasing the minimum wage to encourage more people to work
B) increasing the level of union bargaining power
C) reducing unemployment insurance benefits
D) strengthening restrictions on who can be licensed to enter certain professions

Question

Quizplus · Accepted Answer

Reducing unemployment insurance benefits can potentially reduce the level of structural unemployment by encouraging individuals to accept available jobs more quickly, rather than waiting for a perfect match or relying on extended benefits.

Which One of the Following Would Likely Reduce the Level