Explain clearly what inflation is, Business Economics

QUESTION

(a) Explain clearly what inflation is and elaborate on its main causes.

(b) "There is a trade-off between inflation and unemployment" Do you agree with this statement? Justify your answer using appropriate diagrams.

(c) Which measures can be taken by the government to alleviate the problem of rising prices?

Posted Date: 10/26/2013 6:54:18 AM | Location : United States







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