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(a) Describe the different types of inflation in a country.
(b) Describe the trade-off between inflation and unemployment, using appropriate diagrams.
(c) Mauritius has been facing high rates of unemployment during the last few years.
i ) What reasons could explain such a surge in the unemployment rate?
ii ) Describe the measures that the government has taken to curb the unemployment problem.
Economies of scale are advantages obtained from a company becoming large and diseconomies of scale are additional costs inflicted because a firm has become very large. The causes
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