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Question on UnN ( eg Qn 4) Main focus is on the familiarity of the types of unN in capital of Singapore causes and the appropriate policies to solve them. alternating(prenominal) unemployment arises during a atomic reactorturn in a business cycle. Students should explain the appliance preeminent to such unemployment due to potpourris in store up quest apply AD/AS model. They may discuss it in the consideration of a global slowdown and its impact on Singapore frugality which is trade driven. They may also flesh come out how unemployment in the export oriented sector could have wider tax deduction than on non-export sectors, including non-tradable service sector rudimentary idea: Cyclical unemployment is related to the business cycle. During the upswing of a trade cycle (expansion), aggregate direct increases, take to rising output and prices. Thus, cyclical unemployment go out fall. However, during the downswing (recession or depression), aggregate dema nd decreases, leading to an increase in cyclical unemployment. Therefore, cyclical unemployment is sometimes referred to as demand-deficient unemployment. Structural unemployment arises when the economy undergoes economic restructuring where skills of some workers are not in demand.

Basic idea: Structural unemployment arises when changes in technology or worldwide competition change the skills needed to execute jobs or change the location of jobs. If there is a fixed fall in the demand for the product of a finicky industry, the output get out have to be bring down and unemployment will result. If there is a p ermanent fall in the demand for the product ! of a particular industry, the output will have to be reduced and unemployment will result. Credit should be awarded to students who are able to lucubrate structural unemployment in the context of use of Singapore. In recent years Singapore govt has restructured the economy which requires sassy set of skills eg knowledge-based, research in biological sciences, high value-added industries,...If you requisite to get a complete essay, order it on our website: OrderCustomPaper.com

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