4. Sectoral shifts, frictional unemployment, and job searches Suppose the world price of steel falls substantially. The

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4. Sectoral shifts, frictional unemployment, and jobsearches
Suppose the world price of steel falls substantially. The demandfor labour among steel-producing firms in Northern Ontariowilldecrease . The demand for labour amongautomobile-producing firms in Southern Ontario, for which steel isan input, willincrease . The temporary unemploymentresulting from such sectoral shifts in the economy is bestdescribed asfrictional unemployment.
Suppose the government wants to reduce this type ofunemployment. Which of the following policies would help achievethis goal? Check all that apply.
Offering recipients of unemployment insurance benefits a cashbonus if they find a new job within a specified number of weeks
Extending the number of weeks for which unemployed workers areeligible for unemployment insurance benefits from thegovernment
Improving a widely used job search website so that it matchesworkers to job vacancies more effectively