a. Explain the link between a rising level of AD and levels of unemployment, inflation and economic growth .(1.5) b. A Phillips curve shows the relationship between unemployment (or employment) and inflation. Describe this relationship (1) c. Describe 3 negative effect of inflation (1.5) Explain how each of the following impact on inflation (3) 1) Less competition in the market (ii) Strong trade unions (iii) When the economy is experiencing an economic boom d. What is a bargaining gap? (1) e. Explain WHEN a positive bargaining gap is likely to occur (during Expansion or contraction) AND what effect it has on inflation. (2)