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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. cyclical unemployment arises during a refineswing in a business cycle. Students should explain the appliance lead to such unemployment due to potpourris in unite quest use AD/AS model. They may discuss it in the stage setting of a global slowdown and its impact on Singapore frugality which is trade driven. They may also flesh come in how unemployment in the export oriented sector could have wider tax write-off 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, star(p) to rising output and prices. Thus, cyclical unemployment go out fall. However, during the downswing (recession or depression), aggregate demand decreases, leading to an increa se 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 non in demand.

Basic idea: Structural unemployment arises when changes in technology or worldwide competition change the skills needed to complete jobs or change the location of jobs. If there is a persistent fall in the demand for the product of a busy industry, the output pass on have to be bring down and unemployment will result. If there is a permanent fall in the demand for the product of a particular indu! stry, 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 condition of Singapore. In recent years Singapore govt has restructured the economy which requires invigorated set of skills eg knowledge-based, research in biological sciences, high value-added industries,...If you lack to get a complete essay, order it on our website: OrderCustomPaper.com

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