(Original post by MattMaas)
The question is: Assess the likely impact of UK government labour market policies on any three
macroeconomic objectives. Refer to the information provided and to your own
Firstly you should define labour market policies, and they you should choose your points, your first 2 points are fine however the 3rd should be remove/decrease minimum wage. This coupled with decreasing benefits forces people into work and causes a shift to the right of LRAS. (which then eventually pushes out AD due to multiplier effect, evaluation point?)
You then need to reference to 3 macroeconomic objectives, eg: GDP Growth, Low Unemployment, Sustainability, Positive Balance of trade, price stability and equal distribution of wealth and then explain why.
Then evaluate, a few examples are; The magnitude of the effects, drop in productivity, difference between classical and keynesian.
hope this helps