Traditionally, one economic concern of improving labor participation through higher wages is that higher wages contribute to higher inflation. Describe ABC's inflation situation (take a guess based on the country's economic description). As best possible, explain one or two macro- economic reasons to support ABC's inflation situation (based on your earlier description). Further explain (from a macro-economic perspective) whether the traditional concept of wages and inflation changes may hold true in ABC country in 2024 - 2025 or whether ABC will experience resilient economic growth while managing underlying inflationary concerns. If you conclude that ABC will experience economic growth or higher inflation, are there economic benefits that ABC can harness from either scenario. Describe any benefit and explain two macro- economic policies you would recommend to offset the cost of high inflation to wages ratio. Include references