In March 2018, the unemployment rate in the Czech Republic was at 3.7 percent, the third lowest
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In March 2018, the unemployment rate in the Czech Republic was at 3.7 percent, the third lowest in the European Union. At the same time, the country experienced an average inflation rate of 2.45 percent. Can you explain the trade-off between inflation and unemployment? What factors might improve this trade-off?
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The Czech Republic Case A Balancing Act The Czech Republics situation in March 2018 demonstrates the complex tradeoff between inflation and unemployme...View the full answer
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Related Book For 
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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