Economics

How Do Unemployment And Inflation Impact Economic Growth?

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 China GDP Slowdown?

BEIJING (Xinhua) The construction industry and real estate sales have also slowed. Due to growing prices and sluggish sales, many small firms have closed. The remuneration of civil officials is being reduced by debt-ridden municipal governments. In the closing months of last year, China’s economy slowed significantly as the government took steps to curb real

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