O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2015 · Q221 Mark
The table shows the unemployment rate in three developed economies in June 2013. What is the main cause of high rates of unemployment in developed economies in periods of recession?
Adecreases in total demand
Bmovement of labour between countries
Creduced levels of technological change
Dregional inequalities of wealth
✓ Correct answer
A: decreases in total demand
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