3 Views

Question : Which policy measures are generally used to reduce unemployment in an economy?

Option 1: Expansionary fiscal and monetary policies

Option 2: Contractionary fiscal and monetary policies

Option 3: Structural and supply-side policies

Option 4: None of the above


Team Careers360 5th Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

Correct Answer: Expansionary fiscal and monetary policies


Solution : The correct answer is (a) Expansionary fiscal and monetary policies

Expansionary fiscal policies involve increasing government spending and/or reducing taxes to stimulate economic activity and boost aggregate demand. This can lead to increased business investment, consumer spending, and overall economic growth, which can help create job opportunities and reduce unemployment.

Expansionary monetary policies involve actions by the central bank to lower interest rates and increase the money supply. Lower interest rates encourage borrowing and investment by businesses, which can lead to increased economic activity and job creation.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships | Application Deadline: 31st Jan'25
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities In QS Asia Rankings 2025 | Scholarships worth 210 CR
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
ISBR Business School PGDM Adm...
Apply
180+ Companies | Highest CTC 15 LPA | Average CTC 8 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School...
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books