In March 2020, the UK government introduced a Coronavirus Job Retention Scheme. Businesses that had to...

 

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"In March 2020, the UK government introduced a Coronavirus Job Retention Scheme. Businesses that had to close or cut back could put staff on furlough and the scheme would allow employers to claim 80% of workers' wages up to 2500 per month. This would be passed on to workers." a) Describe what major types of unemployment are more likely to occur during the pandemic. b) Provide some economic policies that could tackle unemployment. "In March 2020, the UK government introduced a Coronavirus Job Retention Scheme. Businesses that had to close or cut back could put staff on furlough and the scheme would allow employers to claim 80% of workers' wages up to 2500 per month. This would be passed on to workers." a) Describe what major types of unemployment are more likely to occur during the pandemic. b) Provide some economic policies that could tackle unemployment.

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a Major Types of Unemployment Likely to Occur During the Pandemic Cyclical Unemployment As businesses faced closures reduced operations or economic downturns due to the pandemic many workers were temp... View the full answer