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On the unfavorable side, it could be argued that implementing and operating a program just like the JGP would be extraordinarily costly. However, if the federal government can thereby eradicate many of the costs at the moment associated with paying people who find themselves not working, it will not be a nasty proposal. Unemployment may be viewed as a policy device to control inflation as a result of when price pressures rise throughout bid4papers review a sluggish,unemployment-ridden economy, rates of interest are tightened and wage demands are decreased which collectively guarantee inflation is kept in examine. However, it has been argued that the backwards and forwards between private and public sector employment and a hard and fast JGP wage are sufficient to control is the view of William F. Mitchell, Professor of Economics at Newcastle College and Charles Darwin College, Australia, who has published extensively within the areas of wage and price inflation and unemployment (Mitchell 1998).
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