Unemployment
a mind map briefly explaining the different types of unemployment, their causes and possible solutions
- Created by: Bob
- Created on: 07-03-13 19:08
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- Unemployment
- Seasonal
- occurs in certain seasons of the year
- skills not required, e.g: the demand for ice-cream decreases in the winter
- Frictional
- got skills but low demand for labour
- can be reduced but not removed
- improve information
- cyclical/ demand deficit
- negative output gap
- demand side policies
- decrease interest rates
- decrease income tax
- increase government expenditure
- factors which shift out A.D
- increase exports by making the value of the pound cheaper
- low demand
- structural
- lack of skills
- education and training
- real wage unemployment
- reject low wages
- benefits are more attractive than working for low wages
- get rid of benefits
- Seasonal
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