The government wants to reduce the unemployment rate for young people.The four programs it is considering are:
i.Reduce the minimum wage.
ii.Offer firms a subsidy for every young worker hired.
iii.Provide subsidized housing to young people in their first year on the job.
iv.Stipulate that unemployment benefits will be an increasing function of the number of years a person has been working,subject to some maximum amount.
Explain how each of these programs would affect unemployment for young people.How would you decide which one to choose?

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The Answer of The government wants to reduce the unemployment rate for young people.The four programs it is considering are:
i.Reduce the minimum wage.
ii.Offer firms a subsidy for every young worker hired.
iii.Provide subsidized housing to young people in their first year on the job.
iv.Stipulate that unemployment benefits will be an increasing function of the number of years a person has been working,subject to some maximum amount.
Explain how each of these programs would affect unemployment for young people.How would you decide which one to choose?

The Government Wants to Reduce the Unemployment Rate for Young