Question: Answer this question.Put missing words and draw a diagram AD and AS with LRAS,SRAS Rest of the World inuences on Unemployment Explain using an AD&AS

Answer this question.Put missing words and draw a diagram AD and AS with LRAS,SRAS

Rest of the World inuences on Unemployment Explain using an AD&AS diagram how the following could affect UK unemployment. 1. World economic growth 2. World recession 3. Rising commodity prices e. g. Oil 4. Falling commodity prices e.g. Oil 5. Foreign competition 1. Economic growth in the rest of the world means an increase in world It i leading to rising c and higher i of goods and services. For the UK this should lead to a rise in to the rest of the world. Diagram

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