Economics relationship between inflation and unemployment

Economics relationship between inflation and unemployment

(a) Explain whether there is a relationship between inflation and unemployment. Should government interfere and reduce inflation and unemployment? Provide real life examples. (8 marks)

(b) Using your home country as a case study outline and analyse inflation, unemployment and growth trends. Identify what range of the aggregate supply curve your country is operating in. (10 marks)

(c) Explain how monetary policy can influence an economy, including the exchange rate and employment levels (8 marks)

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