4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel—producing firms in Pennsylvania

4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The demand for labor among steel—producing firms in Pennsylvania will 7 . The
demand for labor among automobile-producing firms in Michigan, for which steel is an input, will V . The temporary unemployment
resulting from such sectoral shifts in the economy is best described as v unemployment. Suppose the government wants to reduce this type of unemployment. Which of the following policies would achieve this goal? Check all that
apply. C] Establishing government-run employment agencies to connect unemployed workers to job vacancies
C] Improving a widely used job-search website so that it matches workers to job vacancies more effectively C] Increasing the benefits offered to unemployed workers through the government’s unemployment insurance program