INTRODUCTION
Many countries are faced with unemployment and its subsequent effects on its economy. When the rates of unemployment become high, the governments are pushed to shoulder the cost of many social services since their citizens are incapable of paying for them. More importantly, a high unemployment rate due the lowered demands and high interest can influence the exchange rate. The exchange rate is among the determinants of a country’s economic stability and influences the country’s trade with the global market. As such, unemployment should be lowered through fiscal and monetary policies that can stabilize a lower exchange ...
