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What is inflation? How it affects the economy and society? What is unemployment? Discuss the nature of unemployment in developed country and developing country. Explain

What is inflation? How it affects the economy and society?

What is unemployment? Discuss the nature of unemployment in developed country and developing country.

Explain views of monetarist and Keynesian on unemployment

Explain the Philips curve

Why there is no trade-off between inflation and unemployment in long run, also expound why there is trade-off between inflation the short-run

Expound the monetarists views on the Phillips curve

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