Question

state any five government policies to promote employment​

Answer 1

Explanation:

There are two main strategies for reducing unemployment –

Demand side policies to reduce demand-deficient unemployment (unemployment caused by recession)

Supply side policies to reduce structural unemployment / (the natural rate of unemployment)

A quick list of policies to reduce unemployment

Monetary policy – cutting interest rates to boost aggregate demand (AD)

Fiscal policy – cutting taxes to boost AD.

Education and training to help reduce structural unemployment.

Geographical subsidies to encourage firms to invest in depressed areas.

Lower minimum wage to reduce real wage unemployment.

More flexible labour markets, to make it easier to hire and fire workers.