Inflation vs Unemployment
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Which is worse inflation or unemployment?
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This posting explains inflation versus unemployment.
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Answer with related sources are included in brainmass.doc file attached below.
Inflation is the persistent and appreciable rise in the prices of goods and services. Moderate inflation is normally associated with periods of expansion and high employment, increasing dollars chasing a dwindling supply of goods. Hyperinflation happens when prices rise 100% or more a year, causes people to lose confidence in the currency. During inflationary times, people ...
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