Intermediate Principles of Economics

Intermediate Principles of Economics Order Description Write an essay of approximately 1500 words: First; you are required to choose one European economy and one economy from outside of Europe. E.g. Germany and Japan; or Spain and Australia. Second; collect relevant data on your selected economies to answer the following questions. To do so, the data should be organised and presented in an appropriate manner (A). Answer the following questions relating to macroeconomic theory (B) and relate your answers to your chosen economies where appropriate (C): (A) Identify the trends in general unemployment in each country over the past decade, commenting on significant similarities and differences. ????(40%) (B) Explain what is meant by the “natural rate of unemployment and identify and evaluate policies that may be used to reduce ?it? ?????????(40%) (C) Comment on the success, or otherwise, of your chosen economies at achieving this.????????(20%)