Economic policy

1​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​. What are the main objectives of economic policy and why are they so important? 2. What are the main causes of unemployment? How might government policy be used to co​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​mbat unemployment? 3. Why is the concept of elasticity so important in economics? 4. Discuss ways in which the authorities can reduce a balance of payments deficit​‌‍‍‍‌‍‍‌‍‌‌‍‍‍‌‍‌‌‌‍​.