I don’t understand this Business question and need help to study.
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Option #2: Examining Unemployment
In this week’s module material, we learned about business cycles (demand-driven) and economic growth (supply-driven).
- Using the definition and measurement of GDP as a guide, evaluate how the use of fiscal and monetary policy to combat recession might affect economic growth.
- Include in your evaluation an analysis of how government policies to combat recession might affect the different types of unemployment discussed in the module.
- Additionally, discuss how changes in the economy over the last 30 years have affected frictional and structural unemployment.