Assess the extent to which monetary policy can be used effectively to solve the problem of unemployment. OR

5.3.1 definition of monetary policy

5.3.2 tools of monetary policy: interest rates, money supply and credit regulations

5.3.3 distinction between expansionary and contractionary monetary policy

5.3.4 AD/AS analysis of the impact of expansionary and contractionary monetary policy on the equilibrium national income and the level of real output, the price level and employment

9.3.1 definition of full employment

9.3.2 equilibrium and disequilibrium unemployment (including hysteresis)

9.3.3 voluntary and involuntary unemployment

9.3.4.1 definition

9.3.4.2 determinants

9.3.4.3 policy implications

9.3.5 patterns and trends in (un)employment

9.3.6.1 forms of labour mobility: geographical and occupational

9.3.6.2 factors affecting labour mobility

9.3.6.3 policies to reduce unemployment and their effectiveness

9.3.7 policies to reduce unemployment and their effectiveness