Unemployment and inflation

The two major problems facing the economic development of every country are a high unemployment rate and a significant rise in inflation for a prolonged period.

Based on the above, examine the following two expressions and analyze them in your participation in the forum:

-One of the benefits of unemployment is that it enables a higher quality job search and promotes economic efficiency but increases the unemployment rate and creates economic recession.

-Unforeseen high inflation redistributes society's income, diminishes the ability to make long-term plans, and forces individuals, government, and businesses to carefully assess the purchasing power of their assets.

a. Analyze regarding the relationship between the unemployment rate and economic growth in a country.

b. Analyze regarding the relationship between the inflation rate and economic growth in a country.

c. Explain the two expressions presented at the beginning and the possible relationship with particular situations that affect the economic development of a country.