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  • Employment and unemployment, government failure, demand-side policies, possible macroeconomic objectives

Click to read the article below and then answer the questions:

Cost of polluting in EU soars as carbon price hits record €50

  • Define ‘unemployment rate’

  • Identify one possible reason for the recorded higher unemployment rate in the US labour market, even while it is creating a larger number of jobs

  • Explain the consequences of disproportionate government unemployment benefits for both job seekers and employers

  • Evaluate the opportunity for the US government to reduce government monetary policy support, towards full employment and 2% inflation rate targets

Luca Scappini, Stepney Green Maths, Computing and Science College

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