Youth employment, which includes unemployed individuals aged 15 to 24, a typical age range that covers those who have just finished high school or graduated from colleges and looking for jobs, remains stubbornly high. In fact, global youth unemployment is higher than global unemployment. It is around 13.2% in 2017 and is estimated to stay around the same level in 2018.

Looking at Malaysia, although headline unemployment is around 3.4% in 2017, the youth unemployment rate is over three times higher at around 10.8% in 2017.(source:The Star, 06 Aug 2018).

Explain how fiscal and monetary policy can overcome this type of unemployment.