The two major problems facing the economic development of every country are a high unemployment rate and a significant rise in inflation for a prolonged period of time. Based on the above, examine the following two expressions and analyze them: One of the benefits of unemployment is that it allows for higher quality job search and promotes economic efficiency, but it increases the unemployment rate and creates economic recession. Unanticipated high inflation redistributes society's income, diminishes the ability to make long-term plans, and forces individuals, governments, and businesses to carefully evaluate the purchasing power of their assets

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The two major problems facing the economic development of every country are a high unemployment rate and a significant rise in inflation for a prolonged period of time.

Based on the above, examine the following two expressions and analyze them:

One of the benefits of unemployment is that it allows for higher quality job search and promotes economic efficiency, but it increases the unemployment rate and creates economic recession.

Unanticipated high inflation redistributes society's income, diminishes the ability to make long-term plans, and forces individuals, governments, and businesses to carefully evaluate the purchasing power of their assets.

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