Which of the following policies can assist a country to reduce unemployment in a short period of time?
Answer & explanation
Correct answer: option 3
The correct answer is option 3: Increasing the investment in both public and private sector
Explanation:
- Increasing investment in both public and private sectors can lead to the creation of new jobs and stimulate economic growth, which can help reduce unemployment in a relatively short period of time.
- Reducing the growth rate of a country’s population and reducing inequalities are important for long-term economic stability and equity but may not have immediate effects on reducing unemployment.