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Discuss the concept of inflation

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Reference no: EM133183578

Question 1

The recent coronavirus pandemic has sent shock waves to many economies. We are now faced with a looming global inflation. However, inflation, when controlled, is often a healthy consequence of a growing economy.

1. Discuss the concept of inflation and identify its relationship if any to unemployment/employment.

2. Assess the ability of a Central Bank to control inflation.

Reference no: EM133183578

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