Explore BrainMass

Explore BrainMass

    relationship between the inflation and the unemployment

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    1) Inflation has been on the increase recently. Explain the impact of inflation on wage rates and employment

    © BrainMass Inc. brainmass.com December 24, 2021, 6:00 pm ad1c9bdddf
    https://brainmass.com/economics/inflation/relationship-between-the-inflation-and-the-unemployment-85512

    Solution Preview

    Hello!
    The relationship between the inflation and the unemployment level is depicted in the "Phillips Curve", which shows a negative correlation between inflation and unemployment. That is, periods with higher inflation tend to have lower unemployment, and vice versa.

    In your case, you're asking about employment rather than unemployment. Assuming a constant working force, then lower unemployment ...

    Solution Summary

    The relationship between the inflation and the unemployment level is presented.

    $2.49

    ADVERTISEMENT