Cause of severe inflation in an economy

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Reference no: EM13175289

A) Briefly explain the calculation of The Unemployment Rate for the U.S. economy. How is the data collected to compute the Unemployment rate?

B) Explain the difference between Frictional and Structural unemployment. Why do they exist, even at "Full Employment"?

C) What is the ultimate cause of severe inflation in an economy?

Reference no: EM13175289

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