Chapter 24: Unemployment and Inflation
About this Chapter...
Unemployment and Inflation are known as the "twin evils of macroeconomics". Government efforts to bring down unemployment typically cause inflation. Government efforts to bring down inflation typically increase unemployment. While our Federal Reserve has the dual mandate to pursue price stability and full employment, the goals can often be at odds with each other.
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Unemployment and Inflation are known as the "twin evils of macroeconomics". Government efforts to bring down unemployment typically cause inflation. Government efforts to bring down inflation typically increase unemployment. While our Federal Reserve has the dual mandate to pursue price stability and full employment, the goals can often be at odds with each other.
Get your AP Practice on!
AP practice!
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