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This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme. Details/registration here.

Specification:

  • Unemployment, growth, monetary policy. interest rates, macroeconomics, labour markets

Click to read the article and then answer the questions:

UK unemployment falls to lowest level since 1974

  • What is meant by unemployment?

  • What is the current unemployment rate?

  • What factors have contributed to a low level of unemployment? Explain

  • What effect does the new unemployment rate have on monetary policy? Explain in as much detail as possible

  • What macroeconomic policies can be implemented to help mitigate the concerns low unemployment rates have on the economy and growth? Explain in as much detail as possible (use a diagram where applicable)

Noaf Al-Diraa, Alperton Community School

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