Question

Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks Increasing the benefits offered to unemployed workers through the government's unemployment insurance program

Answer 1

Answer:  Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks

Explanation:

The type of unemployment is not given but the above option is the only one that can reduce unemployment out of the options given.

People who recently lost their jobs and are on Unemployment insurance might find that their motivation to look for a job is not as strong as it should be because they are still receiving a paycheck at the end of the month. It will therefore most likely take them longer to find a job than necessary because they simply aren't looking hard enough.

If the Government stepped in and offered them a cash incentive to find a job quicker, this can have the effect of reducing unemployment by giving those people who were just mentioned renewed motivation to look for employment rather than just remain on Unemployment insurance.