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Topic: Social Issues
Number of pages / Number of words: 3 / 751
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The level of aggregate demand (AD) is expected to increase and this will drive the economy out of recession. This situation is illustrated by the following diagram:

Above we clearly see that AS1 shifts to the right to AS2 and AD1 to AD2 and the level of unemployment decreases. Another strategy that could be applied is training schemes and so unemployed acquire new skills and find a job in a new industry sector...


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Another strategy that could be applied is training schemes and so unemployed acquire new skills and find a job in a new industry sector. Considering the size of unemployment this strategy does not seem so effective and the cost for the government will be higher.

On the other hand, the wages reduction will have de-motivating effects to workers who may be unwilling to have a lower income...


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General points of the essay

AGGREGATE DEMAND AND SUPPLY Aggregate Planning Expected Growth Model How has the level of employment/unemployment and national minimum wage legislation impacted on the economy as a whole and how will this effect the economy in the years to come? market vs demand economy Products, Services, and Prices in the Free Market Economy: Price Elasticity of Demand Suppose the British economy is at long run equilibrium when it suffers an external shock due to a 15% increase in the price of oil, believed to be permanent. The Impact Of Rising Oil Prices On The South African Economy In Relation To The Demand And Supply Of New Motor Vehicles The demand for money is purely a transactionary demand Aggregate Demand Alkali Aggregate Reaction Unemployment & the Economy unemployment in global recession scenario Why an economy may enter a recession Demand Management: Integrating Demand and Supply in Real Time

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