Question

Suppose that the government institutes a program to help unemployed workers learn new​ skills, find new​ jobs, and relocate as necessary to take the new jobs. a. If this program reduces structural​ unemployment, what is the effect on the​ short-run Phillips curve and the​ long-run Phillips​ curve?

Answer 1

Answer and Explanation:

From the following given case or scenario , we can state that if this particular program reduced the structural unemployment, then this program would have shifted the​ Phillips curve irrespective of the fact whether it was short run or long run to the left. The program started in order to help the unemployed worker .