Question
1- what is the relationship between the unemployment rate and economic growth in a country. 2- what is the relationship between the inflation rate and
1- what is the relationship between the unemployment rate and economic growth in a country.
2- what is the relationship between the inflation rate and economic growth in a country.
3- How these two premises affect the economic development of a country: 1) One of the benefits of unemployment is that it allows a higher quality job search and promotes economic efficiency, but increases the unemployment rate and creates economic recession. 2) High unforeseen inflation redistributes society's income, diminishes the ability to make long-term plans, and forces individuals, the government, and businesses to carefully assess the purchasing power of their assets.
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