Which of the factors would decrease the rate of frictional unemployment? O increased short-term unemployment benefits O the advent of the Internet, which makes finding available jobs easier O an increase in the number of jobs available due to an increase in GDP O improvements in technology that make skills which were once valued by employers obsolete When the economy is doing well, a significant share of unemployment is frictional. O true O falseWhich of the choices is the best example of creative destruction? 0 In the past month. there were 20,000 layoffs but 22,000 new hires. O A chemical plant decides to use a new process in their reactions. which after combustion results in large amounts of pink. smoke being emitted to the nearby town and consequent res in the chemical plant. 0 The prime minister signs into law that the minimum wage will go down by 50 cents. 0 An antitrust suit is led in court against a monopolist. The typewriter industry goes bankrupt and lays off all its workers. In sharp contrast. the burgeoning electronic word processing industry hires 10,000 workers that same year. This type of unemployment resulting from the shift in industries would best be catagorized under O structural unemployment. O cyclical unemployment. O frictional unemployment. Firms in the country of Merka, which experiences varying levels of unemployment over time, face a very competitive labor market. Classify the given events according to how each would affect Merka's unemployment rate. Increase in the unemployment rate Decrease in the unemployment rate Answer Bank increase in unions' influence decreased unemployment benefits introduction of employment-at-will doctrine increase in the minimum wage