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In determining the differences between unemployment and underemployment,what are the key tools of fiscal policy and monetary policy?

In determining the differences between unemployment and underemployment,what are the key tools of fiscal policy and monetary policy?
Why might each of these policies not be effective in reducing high levels of unemployment?
Why might changes in unemployment be a lagging indicator in an economic recovery?
Discuss the possibility that monetary and fiscal policy actions might actually destabilize the economy and reductions in unemployment.

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Economics-8230056.doc

Answer:
In determining the difference between unemployment and underemployment the key tools of
fiscal and monetary policy are:
Tools of fiscal Policy:
• Government Expenditure • Tax rate cut...

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