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Relationship between unemployment and inflation in the context of economic growth and development. With emphasis on the topic of unemployment and inflation, and the data

Relationship between unemployment and inflation in the context of economic growth and development.

With emphasis on the topic of unemployment and inflation, and the data in the table, proceeds to answer the questions posed below regarding the relationship between unemployment and inflation in the context of growth and development economic.

1. Mention and explain the nature of the workforce and what the different types of unemployment are.

2. Explain what is meant by the natural rate of unemployment and its relationship to full employment.

3. Explain what the relationship between the consumer price index and the inflation rate is.

4. Explain what we can understand by expected inflation, inflation by an increase in aggregate demand or inflation by a decrease in aggregate supply.

5. What is the typical relationship between the behavior of inflation and unemployment? In your explanation, integrate what stagflation is.

6. As a final point of the task, present examples of how both issues would behave in a country with a situation of a pandemic and an atmospheric phenomenon.

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