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Unemployment insurance increases frictional unemployment.
Unemployment Insurance
A government program that provides financial assistance to unemployed workers, helping to mitigate the loss of income during periods of joblessness.
Frictional Unemployment
This refers to the short-term unemployment that arises from the process of matching workers with jobs, typically when individuals are transitioning between jobs, entering the workforce, or changing locations.
- Acquire knowledge about the principle of frictional unemployment and its susceptibility to public policy interventions.
- Expound the reason and impact of unemployment insurance on the quest for jobs and the incidence of unemployment.
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Learning Objectives
- Acquire knowledge about the principle of frictional unemployment and its susceptibility to public policy interventions.
- Expound the reason and impact of unemployment insurance on the quest for jobs and the incidence of unemployment.
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