Unemployment and inflation

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Unemployment and Inflation

Imagine that you are in charge of macroeconomic policy.

1) What are some of the problems, difficulties, or hardships caused by unemployment?

2) What are some of the problems, difficulties, or hardships caused by inflation?

3) If you had to make a choice today between a policy that would head off increases in inflation or increases in unemployment, which one would you choose?

Reference no: EM132401088

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