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Greetings! I could use a little assistance in ECON-2 (Macroeconomics) regarding a couple of definitions of inflation and such. 1. What is inflation? Why is

Greetings!

I could use a little assistance in ECON-2 (Macroeconomics) regarding a couple of definitions of inflation and such.

1. What is inflation? Why is it a serious problem for economies?

2. What is the long term relationship between unemployment and inflation? How does this differ from the Phillips Curve?

I only require a couple of paragraphs for each, but please do not give me any sources or text from AI! I understand this is a change, but it does not help me at ALL! I can easily detect it and I only kindly ask for a human answer.

Thank you!

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