An appropriate policy for reducing structural unemployment would be:

Question

Quizplus · Accepted Answer

Programs for the retraining and relocating of labour are the best choice for reducing structural unemployment because they address the root cause of the problem - a mismatch between the skills of workers and the needs of employers in particular sectors or regions. This approach can help workers acquire the skills they need to qualify for available jobs and can also ensure that employers have access to the skilled labour they need to grow and innovate. Tax cuts and an increase in the money supply are unlikely to have a significant impact on structural unemployment because they do not address the underlying skills gap. An increase in government spending may create jobs in the short term, but may not lead to sustainable long-term employment growth if the workers lack the necessary skills for the demand.

An Appropriate Policy for Reducing Structural Unemployment Would Be