Unemployment Set of revision cards containing information on the economic objective unemployment 3.0 / 5 based on 1 rating ? EconomicsUnemploymentASOCR Created by: cristíona martinCreated on: 28-01-13 14:25 Definition those registered as willing and able to work at the going wage rate but cannot find a job despite an active search. 1 of 6 Measure Claimant count - easy/cheap Labour force survey - expensive, qualitative data, more accurate 2 of 6 Types causes cyclical / demand deficient, structural, technological, regional 3 of 6 Cure expansionary fiscal policy, monetary policy 4 of 6 benefits of unemployment large pool of labour, improved BOP deficit, low inflation 5 of 6 costs of unemployment lower tax revenues, more crime, more pressure on the NHS 6 of 6
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