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What is structural unemployment, and what measures might governments take to combat it?
(Total 10 marks)
2.
Refer to the graphs in the data and explain why high-tech growth might lead to labor shortages.
(2)
(b)
Suggest possible reasons why high-tech-driven growth might actually subtract from inflation rather than add to it when compared to the type of growth of previous decades (paragraph w).
(9) (Total 13 marks)
3.
(a)
(b)
4.
5.
(a)
(b)
6.
With reference to Item 1, explain what is meant by (i) (ii) current unemployment comprises both a cyclical and structural component;
(3)
7.
Use the data and your knowledge of economics to evaluate the ways in which unemployment might be most effectively tackled.
(Total 7 marks)
8. (b)
(a)
Examine the strategies that may be used to reduce unemployment, referring to more developed countries and less developed countries in your answer.
(15) (Total 25 marks)
9.
(a) What macroeconomic policies would a government adopt if it wished to reduce aggregate demand in an economy?
(12)
(b)
Should a government attempt to manage the level of aggregate demand to influence unemployment and inflation rates?
(13) (Total 25 marks)
10.
Why might the goal of full employment conflict with the goal of economic growth?
(Total 10 marks)
11.
Why might a countrys current account balance worsen as it approaches full employment?
(Total 10 marks)
12.
Unemployment remains persistently high in a majority of countries throughout the world. (a) (b) Explain the economic problems that high unemployment may cause for a country.
(10)
Discuss the reasons why governments find the goal of full employment difficult to achieve.
(15) (Total 25 marks)
13.
Explain two policies that a government might use to deal with the problem of demand-deficient (cyclical) unemployment.
(Total 10 marks)
14.
Using an appropriate diagram, explain how monetary policy may be used to reduce unemployment.
(Total 4 marks)
15.
Define the following terms indicated in bold in the text and data: (i) (ii) unemployment rate
(2)
current account.
(2) (Total 4 marks)
16.
(i) (ii)