Which of the following policies would reduce the natural rate of unemployment in

Question

Which of the following policies would reduce the natural rate of unemployment in the economy. More than one can apply. 1) An improvement to widely used job-search website that allows it to match works to job vacancies more effectively. 2) Establishing government run employment agencies to connect unemployed workers to job vacancies. 3) Offering recipients of unemployment insurance a cash bonus if they find a new job within a specified number of weeks 4) Establishing government-run employment agencies to connect unemplyed workers to job vacancies.

Explanation / Answer

The natural rate of unemployment can be reduced mainly through supply-side labour market policies which improve work incentives and re-skill people looking for work.

Hence answer is (1), (2), (4)

(2), (4) are same.

(1) is true provided technical limitatation of not being able to access internet are not there.

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