How To Reduce Inflation And Unemployment At The Same Time?

The Phillips curve shows that historically, inflation and unemployment have had an inverse connection. High unemployment is associated with lower inflation or even deflation, whereas low unemployment is associated with lower inflation or even deflation. This relationship makes sense from a logical standpoint. When unemployment is low, more people have extra money to spend on

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Why Ireland GDP So High?

The fundamental reason for Ireland’s high GDP growth rates is that, in recent years, a number of large multinational firms have transferred their economic activities, and more especially their underlying intellectual property, to Ireland, largely due to low corporate tax rates. What makes up Ireland’s Gross Domestic Product? Agriculture generated 0.93 percent of Ireland’s GDP

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