S/E/26. Compare and contrast demand management policies and supply side/free-market approaches to fight unemployment. Suppose that the government aims to reduce structural unemployment by financing training programs for unemployed workers, what effects would the program produce on the expectations-augmented Phillips Curve?

This paper aims to answer two basic questions. The first is the difference between demand management and supply side policies. The second is the effect of government expenditure on training the unemployed on the expectations augmented Phillips curve and on the level of structural employment