unemployment/macro questions. 4marks (1 Viewer)

[jky.]

For 4 marks:

Outline TWO government macroecnomic policy responses to unemployment.

 

[Rorix]

Are you actually having trouble with this sort of question or you just want to see a really solid answer?

 

[ToO LaZy ^*]

if you're after a solid answer..then i'm not your man..

 

[absolution*]

Fiscal Policy: Funding apprenticeship schemes and skills training leading to increased employment

Monetary Policy: Lower cash rate leading to domestic growth leading to increased demand for labour leading to lower unemployment. Lower interest rates leads to higher credit borrowings in the housing market leading to increased employment opportunites in the building sector.

I eat pieces of shit like this for breakfast.

 

[absolution*]

Wait, monetary policy is not strictly government policy is it. Its RBA determined.

Just mention fiscal spending on something. Theres been loads of it in the election coverage.

 

[ToO LaZy ^*]

yeah..'work for the dole' which was introduced some time ago...

 

[jky.]

lols!
i wanna see a solid answer.

thanx guys