2013_HCI_H1_Econs_Essay Q4

--- Su (a) Cy Cy (re sto wo as In c o wo an do fal sa cu he St St p e mi ec un lab F r Fr wo int se wh 4 (a ) (b ) ---------------- uggested Ou ) Causes yclical Unem yclical unemp ecession or d ocks pile u p orkers, leadin s demand-de the recent ontractions as orld, tourism nd investmen ominated by lling global in ales are low e ut back on p r ence cyclical ructural Une ructural unem erform jobs o ismatch bet conomy can n nwilling to m o bour respecti rictional Unem rictional unem orkers to be to and out of earch for jobs hat they belie Marking ) Explain years. ) Discuss governm ---------------- utline: of Unemplo ployment ployment is c depression), p. Firms will ng to an incre eficient unem Global Fin a s a result of and internat nt (I) compo n high-end ma ncome could er than expe c roduction as unemployme mployment mployment a or change t h tween the w not immedia ove to anot h ively). mployment mployment ar e matched w the labour fo s and for firm eve will be th g Scheme the main the view ment in red ---------------- oyment in Si caused by a aggregate d then adjust ease in cycli mployment. ancial Crisis these extern tional bankin nents of AD anufactured g have a pro n cted sales a n actual stoc k ent rises. arises when c he location workers’ ski tely find jo b her area/reg i rises becaus with suitable orce and the s to find suita e best match HWA CH Year Two causes o f that supp ucing unem ---------------- ngapore in t lack of dema demand decr to the defi c cal unemploy (US sub-pr i nal shocks. T ng as well a s causing dom goods and se nounced adv nd firms ex p k levels exc e changes in te of jobs. As lls and job bs elsewher e ion where p e of imperfe jobs. It is als process of jo able employe h available, fr HONG INS o H1 Econo f unemplo y ly side p o mployment ---------------- the RECENT and in the do reases and f ciency of de m yment. There ime mortga g These shock s financial s e mestic consu ervices whic verse effect o perience an u eed desired echnology or a result of requiremen e because t h rospects ar e ect informati so known as ob creation a ees. Since bo rictional unem TITUTION omics 2013 yment in S olicies are t. --------------- T YEARS ownswing of t firms find th e mand by cu efore, cyclica ge crisis) in ks badly affe ervices secto mption to fa h tended to on export dem unplanned in levels. In s o r internationa this changi n nts. People a hey either d e better (occ ion in the lab search unem and job destru oth employer mployment a N 3 Singapore the best o --------------- the business ey cannot se tting back o al unemploym 2008/09, th cted our ex p ors. In short, ll. And sinc e have a high mand from S crease in st o o doing, firm s al competition ng structure are made re d do not have upational a n bour market mployment. T uction create rs and emplo arises. in the re c option for --------------- cycle. Durin ll all their cu on produ