In a recent report on long-term economic strategy, several research institutes argued that the UK economy needs to rebalance away from its heavy reliance on consumer services and debt-financed household consumption, towards green technology investment, advanced domestic manufacturing, and high-value exports.
Evaluate the consequences for UK unemployment if this structural rebalancing were to occur.
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.