Your country's economy experienced a rise in the rate of unemployment in 2013 - 2014. I. Explain the difference between cyclical unemployment and structural unemployment. II. Assume in the late 2013 and early 2014, your country's economy experienced lower rates of economic growth. Identify an industry sector within your economy that has been affected by this slowdown. III. Outline one demand-side factor and one supply-side factor that may have contributed to the effect on this industry sector. IV. Describe one example of discretionary budgetary policy that could be implemented to lower the rate of structural unemployment. V. Explain how one immigration policy and one microeconomic reform policy might operate to raise a country's productive capacity and increase rate of economic growth.
Your country's economy experienced a rise in the rate of unemployment in 2013 - 2014. I. Explain the difference between cyclical unemployment and structural unemployment. II. Assume in the late 2013 and early 2014, your country's economy experienced lower rates of economic growth. Identify an industry sector within your economy that has been affected by this slowdown. III. Outline one demand-side factor and one supply-side factor that may have contributed to the effect on this industry sector. IV. Describe one example of discretionary budgetary policy that could be implemented to lower the rate of structural unemployment. V. Explain how one immigration policy and one microeconomic reform policy might operate to raise a country's productive capacity and increase rate of economic growth.
Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter13: Earnings, Productivity, And The Job Market
Section: Chapter Questions
Problem 12CQ
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Your country's economy experienced a rise in the rate of unemployment in 2013 - 2014.
I. Explain the difference between cyclical unemployment and structural unemployment.
II. Assume in the late 2013 and early 2014, your country's economy experienced lower rates of economic growth . Identify an industry sector within your economy that has been affected by this slowdown.
III. Outline one demand -side factor and one supply-side factor that may have contributed to the effect on this industry sector.
IV. Describe one example of discretionary budgetary policy that could be implemented to lower the rate of structural unemployment.
V. Explain how one immigration policy and one microeconomic reform policy might operate to raise a country's productive capacity and increase rate of economic growth.
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