Unemployment Benefits And 'Returns To Work'

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Language: English

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Cochrane is concerned about the effects of creeping regulation and what he sees as a lack of respect for the rule of law in government today. On Wednesday came the report The ADP and Moody’s Analytics, according to which the private sector added 154,000 new jobs during the ninth month of the year. Nowhere is this... � Expats in the United Arab Emirates are turning away for high-end homes to find more affordable living space. The number of people out of work for a year or more fell to 65,000 in mid-2008 but has climbed steadily ever since.

Pages: 58

Publisher: BiblioGov (December 31, 2010)

ISBN: 1240485581

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Two or three factors explained fully or more factors explained in less detail would be sufficient for full marks. · the impact on economic growth (processing, depression, the business cycle) · an explanation of a reduction in income tax increasing disposable income, consumption and thus AD · an explanation of the possible linkage between a reduction in income tax, incentives to work and the level of output (b) “The lower the level of both direct and indirect taxation, the better.” Evaluate this view. [15 marks] · a definition of aggregate demand own: Multiplier effect · an explanation of the possible linkage between an increase in government spending affecting the supply-side of the economy, e.g. education and training, government spending on infrastructure (b) “The lower the level of government spending, the better.” Evaluate this view. [15 marks] · the importance of reduced government spending as a means of reducing AD, to reduce inflation and a current account deficit. · the importance of government spending on merit goods, public goods and infrastructure · the importance of government spending as a means of regulating AD, e.g. use of higher government spending to increase AD to encourage growth and to reduce unemployment. (b) Evaluate the proposition that the priority in economic management should be the maintenance of low unemployment. [15 marks] support of the proposition in terms of the costs of high unemployment, e.g. the economic, the importance of the other goals of economic policy, i.e. low inflation, economic growth and a satisfactory balance of payments · the unemployed themselves e.g. reduced income, stress levels, self-esteem · opportunity cost of government spending on unemployment benefits, less tax revenues available for other purposes · the impact on output, growth, inflation and the balance of payments 17. (a) Explain the possible causes of a rise in the rate of inflation in an economy. [10 marks] the current account may worsen. 19. (a) Using one or more diagrams, explain the difference between the equilibrium level of national income and the full employment level of national income. [10 marks] Your answer may include the following information: equilibrium level of national income as: full employment level of national income described as: – maximum level of national output, or – all factors of production are fully utilized, or level of national income on one diagram using the 3-range AS curve intersected by a AD curve on the upward bending range and by another AD curve intersecting the AS curve on its vertical range. (b) Evaluate the policies a government may use to increase the full employment level of national income. [15 marks] You may include the following information: – abolishing the minimum wage to reduce labour costs to employers thus increasing their profits and encouraging and enabling more investment How to Reduce Unemployment In Europe (Central Issues in Contemporary Economic Theory and Policy) http://wanp.com/ebooks/how-to-reduce-unemployment-in-europe-central-issues-in-contemporary-economic-theory-and-policy.

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