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Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 ...

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Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 ...

Scenario: The unemployment rate in Country Y is 6 percent, and the labor force is equals about 200 million people.

Refer to the scenario above. Why might policy makers in Country Y most likely introduce policies that require unemployed workers to participate in job training programs?

▸ To decrease the labor force

▸ To mitigate the social costs of unemployment

▸ Country Y's economy likely suffers a recession.

▸ To be able to track unemployment more easily

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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