Question
Increase in unemployment benefits policy Why is this policy a good/bad idea for the economy and therefore the wellbeing of residents. For example, what are
Increase in unemployment benefits policy
Why is this policy a good/bad idea for the economy and therefore the wellbeing of residents. For example, what are your views of the benefits of this policy and why - who will it impact directly, will this have flow-on effects to others - if so what could they be and how would they effect the economy and residents overall. What could be the short-run impact of this policy? What are the potential longer term impacts? In other words, its is a persuasive piece of writing - why should we support you in your advocacy of this policy. The front end is aimed at a broad audience so you should not have any modelling on the front page. You can get a little more technical in the tail end (second page) where you use the IS-LM model to demonstrate how the policy will impact the economy. You use the model to show that there are solid theoretical underpinning to your arguments. Which curve(s) shifts/pivots and why. How do we transition from one equilibrium to the next. You can present both a short-run (immediate impact) point B and a longer term impact - point C is you want.
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