Critically discuss the WAYS inclusiding their (implications and limitations) 2 reduce unemployment i

tell me the possible ways including their implication and limitations also to decrease the rate of unemployment of a country in SHORT RUN PERIOD and discuss the wayz critically

and tell me some websites also from where i can get the information about this question

Critically discuss the WAYS inclusiding their (implications and limitations) 2 reduce unemployment i SHORT RUN

1. Lower the minimum wage (or, even better, let the market without minimun-wage regulations). By this measure, firms will hire more people. Implication: In theory, has short-run results. Limitation: Average comsumers%26#039; income might fall, so consumtion might fall (thus, ceteris paribus, GDP will fall).

2. Cut profit taxes. By lowering corporate taxes, firms will have less cost, so they could use that money for investments. More investments means more jobs. Limitations: 1. not that quick result, 2. In theory sounds wonderful, but in practice might not work at all (for example, reaganomics).

3. Cut interest rates. By cutting interest rates, investment and consumption will rise. By these 2 factors rising, firms will ask for workers. Also, it has the advantage that GDP will grow. Limitation: except of we don%26#039;t know the exact time this measure will have actual results to reduce unemployment (but most of times is efficient even in the short-run), in the long run we will have inflation.

4. Higher Government spending. Government will create jobs. Efficient measure, even in the very-short run. Limitation: we are a market economy, not a command-drive economy.

Websites: try wikipedia for those 4 factors and GDP.

I hope this helps