Problem
1. An economy has high nationwide unemployment. Discuss and critically appraise the government's policy options.
2. What do you understand by the terms: (a) NAIRU and (b) hysteresis?
3. How might cyclical unemployment be tackled?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.