Asked by
Hector Bellerin
on Nov 16, 2024
Verified
Government-run employment agencies and public training programs both seek to reduce frictional unemployment.
Public Training Programs
Government-sponsored initiatives designed to enhance the skills and employability of individuals, often aimed at reducing unemployment or addressing skill shortages in the economy.
Frictional Unemployment
The short-term unemployment arising from the process of matching workers with jobs, often seen as a normal part of labor market functioning.
- Understand the influence of governmental measures on the fluctuation of unemployment rates.
- Understand the role of job search and matching mechanisms in causing frictional unemployment.
Verified Answer
AB
Learning Objectives
- Understand the influence of governmental measures on the fluctuation of unemployment rates.
- Understand the role of job search and matching mechanisms in causing frictional unemployment.
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