Assignment analyzing economic policy recommendations for ECO 405.
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ECO 405 Assignment 3Economic Policy RecommendationSelectaneconomicproblemmentionedinthetextbookasthetopicforapolicyrecommendation.Writeasixtoeight(6-8)pagepapermodeledasapolicyrecommendationinwhichyou:Brieflydescribetheeconomicproblemyouhaveselected.Assesstheimpacttheproblemposestosociety.Designaneconomicpolicysolutiontotheproblem.Analyzetheeconomictheoryusedtocompletethepolicysolutionanddeterminetheimpactontheappropriatestakeholders.1.Analyzehowtheeconomicpolicyproposedwouldimpactthemarketorsolvetheeconomicproblem.2.Useatleastfive(5)qualityacademicresources.Note:WikipediaandotherWebsitesdonotqualifyasacademicresources.INTRODUCTION:This write-uptalks ofUNEMPLOYMENT, as a key macroeconomic concept thataffects each one of us. We attempt to understandthe many facets ofunemployment-its meaning,importance, measurement, inadequacies in concept,types and nature, and solutions. Weconsider these facets with respect to USA, sothat we are able to consider certain peculiarities associated with unp in USA.MEANING ofUNEMPLOYMENT.Unemploymentis a state where a person who is willing and able to work I unableto find work at the current wage rate level. It is calculated as the number ofunemployed/ number of people in labor force. As perBureau ofLaborStatistics,theunemployedincludethe following as long as they are above the age of 16:
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