With everything else held constant, if society increased the efficiency of matching people to jobs that need their skills, the natural rate of unemployment would likely
A) increase.
B) decrease.
C) increase or decrease, as there is not enough information to determine the answer.
D) not change.

Question

Quizplus · Accepted Answer

Increasing the efficiency of matching people to jobs would decrease the time it takes for people to find a job that matches their skills, and therefore decrease the natural rate of unemployment.

With Everything Else Held Constant, If Society Increased the Efficiency