our class. The word count of the text that includes your "own words" should be at least 500 words (about 700 max.). The text should be typed double-spaced using a 12-point font size in Times New Roman. 1. "Unemployment means lost output for the country, and it also means severe hardship for those who are out of work. Inflation, in contrast, does not imply a loss of output, and although inflation causes some people to lose real income, it causes others to gain. Unemployment is therefore a much more serious problem for the country than inflation. We should strive to reduce unemployment as much as possible, and stop worrying so much about inflation." Discuss.