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Report

Accounting for the unemployment decrease in Australia

2 May 2005
Description

Bill Mitchell decomposes the changes in employment over the last two cyclical recoveries into demand and supply influences. His major conclusion is that GDP growth is inadequate to provide enough jobs in order to attain full employment given current government policy. With strong productivity growth in the private sector a Job Guarantee is indicated as the desirable public sector response.

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2005
107
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