Following structural shifts in the digital economy and industrial automation, UK unemployment, as measured by the Labour Force Survey (LFS), rose from 1.2 million in 2018 to 1.9 million in 2023.
As unemployment rises, explain two possible economic problems which might affect individuals in the UK and two possible economic problems which might affect the UK economy as a whole.
327 exam-style questions on AQA A Level Economics 2.3 Economic performance, covering 2.3.1 Economic growth and the economic cycle, 2.3.2 Employment and unemployment, 2.3.3 Inflation and deflation, and 2.3.4 Possible conflicts between macroeconomic policy objectives. Each one has a worked solution and a mark scheme showing where the marks go.