Suppose the world price of cotton rises substantially. The demand for labor amon

Question

Suppose the world price of cotton rises substantially. The demand for labor among cotton-producing firms in Texas will _____. The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will _____. The unemployment resulting from such sectoral shifts in the economy is best described as _____ unemployment. Which of the following policies would reduce the natural rate of unemployment in the economy? Check all that apply. Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government Taxing the price of placing a resume or posting a job opening on a job-search website Establishing government-run employment agencies to connect unemployed workers to job vacancies

Explanation / Answer

Connecting people with jobs will help reduce frictional unemployment C).

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