A certain amount of unemployment may be socially desirable because. a Unemployed workers are able to benefit from employment insurance. b. A pool of unemployed workers drives down the average wage in the economy and keeps workers from becoming greedy. c. Apool of unemployed workers provides an incentive to those employed to remain productive. When some workers become unemployed, it provides a chance for others in the labour force to become d. employed. The time the worker spends unemployed is valuable for finding the most appropriate match with firms. e.
A certain amount of unemployment may be socially desirable because. a Unemployed workers are able to benefit from employment insurance. b. A pool of unemployed workers drives down the average wage in the economy and keeps workers from becoming greedy. c. Apool of unemployed workers provides an incentive to those employed to remain productive. When some workers become unemployed, it provides a chance for others in the labour force to become d. employed. The time the worker spends unemployed is valuable for finding the most appropriate match with firms. e.
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 16E
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