Illustrate what is inflation.and what is deflation

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Q. Assume market demand increases and new demand curve is now Qd = 50 - P. Furr assume government provides to each industry, a subsidy of $40 per unit of output produced. Thus supply curve now becomes Qs = 10 + 2(P+40).

Q. Illustrate what are different types of unemployment and how do they affect economy? Illustrate what is inflation? Illustrate what is deflation? Illustrate what is historical relationship between inflation and unemployment?

Reference no: EM1367951

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