... Such policies would include: * Training and education programs * Work experience programs * Direct job creation programs The labour government introduced its 'Working Nation' program in 1994 as an attempt to reduce long term unemployment and target the disadvantaged work groups within. Special Labour Market programs included: * Australian Traineeships * Jobstart * Skillshare * Landcare However these special programs were not successful during times of recession when there are few job vacancies. The crux of the problem is insufficient job generation. What is required is some expansion in demand within the economy. All sides of the debate agree on this. The Long Run Phillips Curve might be used to suggest that any policy aimed at reducing the actual rate of unemployment below the natural rate of unemployment will be totally ineffective in the long run. Discuss. The importance of the natural rate of the unemployment is that it is the rate of unemployment at which there is no cyclical unemployment ...

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