In Order to Reduce Structural Unemployment, Unemployed Workers Need to Be

question 38

True/False

In order to reduce structural unemployment, unemployed workers need to be retrained to suit new types of jobs.

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Definitions:

Fiscal Policy

Government policies related to taxation and spending to influence the economy.

Federal Government's Powers

The specific authorities granted to the federal government of a country, often outlined in its constitution, to manage national affairs and governance.

Discretionary Fiscal Policy

Government policy actions, such as changes in taxation and spending, deliberately undertaken to influence economic activity and stabilize the economy.

Government Spending

Refers to the expenditure by government bodies on goods and services, including investments, infrastructure, and payments for social services.