Revision:Unemployment Exam Questions

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June

1995 How can the fact that unemployment and inflation sometimes rise at the same time be explained?

1996 If there is such a thing as the Natural Rate of Unemployment, why does it change?

1997 If there is a trade-off between unemployment and inflation can they ever both rise together?

1998 What is voluntary unemployment? Is it a problem?

1998 What combination of fiscal and monetary policy should be used to control employment

1999 Are trade unions a force for good or bad in the determination of the aggregate level of employment?

2000 What is meant by ‘the natural rate of unemployment’? Is this concept useful to policy makers?

September

1994 (What is the effect on labour supply of:

1. a rise in the rate of income tax;
2. an increase in unemployment benefit levels;
3. a reduction in the price of consumer goods?)

1994 - Since prices and wages are flexible in the long run, there is no need for the government to use monetary and fiscal policies to influence the rate of unemployment. Discuss.

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