The costs of cyclical unemployment can be minimized by:
A) providing training for individuals who have lost their job and who want a new career.
B) providing training for individuals who have a job.
C) providing training for new entrants into the labor force.
D) keeping the economy on a steady,low-inflationary growth path.

Question

Quizplus · Accepted Answer

Keeping the economy on a steady, low-inflationary growth path can minimize the occurrence of cyclical unemployment. This can be achieved through appropriate macroeconomic policies such as monetary and fiscal policies. Providing training for individuals can also help in reducing cyclical unemployment but may not necessarily minimize its costs. Providing training for new entrants or individuals with a job may not directly address the issue of cyclical unemployment.

The Costs of Cyclical Unemployment Can Be Minimized By