HELP! Which example provides the best defense for the unemployment and inflation tradeoff theory?

A. When unemployment increases, jobs are in higher demand, so fewer people are looking for jobs and inflation is less of a danger.

B. When inflation decreases, employers have more money to higher a larger percentage of the labor force, resulting in a decrease in unemployment.

C. When unemployment is low, employers must pay higher wages to attract workers, causing wage inflation and eventually an overall higher inflation rate.

D. When the inflation rate increases, there are more people looking for jobs to best support their families with necessary goods and services.

Question

Marigolden Marigolden

10-09-2022
Business

contestada

HELP! Which example provides the best defense for the unemployment and inflation tradeoff theory?

A. When unemployment increases, jobs are in higher demand, so fewer people are looking for jobs and inflation is less of a danger.

B. When inflation decreases, employers have more money to higher a larger percentage of the labor force, resulting in a decrease in unemployment.

C. When unemployment is low, employers must pay higher wages to attract workers, causing wage inflation and eventually an overall higher inflation rate.

D. When the inflation rate increases, there are more people looking for jobs to best support their families with necessary goods and services.

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-09-13T17:15:54+02:00

The example that provides the best defense for the unemployment and inflation tradeoff theory is that B. When inflation decreases, employers have more money to higher a larger percentage of the labor force, resulting in a decrease in unemployment.

How to illustrate the information?

Short-term trade-offs between unemployment and inflation must be made by society. Policymakers can reduce unemployment by increasing aggregate demand, but only at the expense of increased inflation. They can reduce inflation by reducing aggregate demand, but doing so will temporarily increase unemployment.

As a result, the trade-offs between inflation and unemployment mean that policymakers may lower the unemployment rate below its natural rate in the short term at the expense of higher inflation, but the economy moves back to the natural rate of unemployment once workers are able to make more realistic expectations.

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