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Essay How To Reduce Unemployment

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The government can develop more school in its country so their citizen can have higher qualification to access into the working qualification. They can also reduce the qualification for workers to join their industries. Government can subsidize some capital to the owner so they have larger capital to invest into its business to become larger scale. Government also can offer smarts overseas employees to help local industries to develop bigger economy so the local industries needs more people to work for the company. Inflation defined as the rate at of the general level of values for goods and services is climbing and consequently, buying power is dropping. The Main Country Bank is trying to reduce and stop severe inflation. Along with the severe …show more content…

The government mentions there are two main strategies for reducing unemployment problem. The first solution is the demand market side policies that can reduce demand-deficient unemployment. The second solution is supply market side policies that can help to reduce structural unemployment. For the demand market side policy, it is much more important when there is a decline and rise in cyclical unemployment. The Fiscal policy can reduce the unemployment rate by helping to raise total demand and the rate of financial growth. The government should follow the expansionary fiscal policy. The fiscal policy contains raising government spending and cut down the taxes from people. The lower the taxes for people, the greater income that will receive. Therefore it can help to increase country’s consumption and leading to the higher aggregate demand. When the aggregate demand increased, the real GDP of country will also increase. If the industries continue produce more, the demand workers will be an increase and thus the unemployment rate will be lower demand-deficient. Also when the strong financial growth aggregate demand increase, lesser industries will become bankrupt meaning less job

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