Question
For many countries, inflation and unemployment are two major economic problems concerning the policymakers. a. What are the social costs of inflation from economic perspective?
For many countries, inflation and unemployment are two major economic problems concerning the policymakers.
a. What are the social costs of inflation from economic perspective? Illustrate TWO of these costs.
b. What are frictional and structural unemployment? Why do economists typically identify them as the TWO main causes of the natural rate of unemployment?
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Macroeconomics
Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore, Ronald D. Kneebone
8th Canadian Edition
134646355, 9780134842615 , 978-0134646350
