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Labour market essay (1 Viewer)

Kangaaroo

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Got assigned a labour market essay to do over the summer holidays. Question: "Explain how labour market policies can be used to achieve Australia's economic objectives".

A little unsure how I can relate labour market policies and decentralisation to Australia's macroeconomic objectives. Any thoughts?
 

thinkinghard

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Are you going to talk about microeconomic objectives such as increasing productivity? For macroeconomic: decentralisation --> lower labour oncosts/red tape --> incentivises hiring --> lower unemployment as well as decentralisation --> lower labour oncosts/red tape --> lower cost-push inflation
 

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