Consequences of Unemployment

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  • Consequences of Unemployment
    • Less revenue for the government making it harder for them to use loose fiscal policy
    • Sufferers of unemployment
      • Community
        • Councils receive less funds needed to provide facilities
        • Increased crime and drug problems
      • Businesses
        • The multiplier / rippler effect
      • The government
        • Budget deficit from using loose fiscal and monetary policy but falling tax revenues.
      • The economy
        • Downward effect on the trade cycle
          • Cyclical unemployment
        • The whole economy will shrink


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