Which of the following would be the most appropriate policy for reducing structural unemployment?

Question

Quizplus · Accepted Answer

Structural unemployment is caused by a mismatch between the skills of workers and the requirements of available jobs. Therefore, the most appropriate policy would be to introduce programs that help workers retrain and acquire new skills or relocate to areas with high demand for their skills. This would reduce the skill mismatch and increase the chances of getting a job. Other policies like tax cuts or changes in the money supply are more geared towards addressing cyclical unemployment. Increased benefits for workers covered by employment insurance would only address the symptoms of structural unemployment, not the root cause.

Which of the Following Would Be the Most Appropriate Policy