Economics 9708 · AS & A Level · Price stability and inflation
Explain two methods of measuring unemployment and consider how far it may be difficult to obtain an accurate measurement of unemployment.
Assess whether supply-side policy is likely to be equally effective in reducing both structural and cyclical unemployment.
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “AO1 Knowledge and Understanding (max 3 marks): naming 2 methods used to measure unemployment (1) plus a short explanation of both measures 2x(1). (Guidance: claimant count measure and labour force/survey measure are the two most widely used measures.)” …