ECON 101 Lincoln University Unemployment vs Inflation GDP Discussion

UNEMPLOYMENT AND INFLATION ARE TWO KEY COMPONENTS OF ECONOMIC GROWTH AND ULTIMATELY GROSS DOMESTIC PRODUCT.

FROM WHAT WE HAVE DISCUSSED AT OUR LAST WEBEX MEET AND WHAT YOU HAVE READ AND SEEN IN THE YOU TUBE VIDEO, COMMENT ON THE FOLLOWING STATEMENT IN ESSAY FORM:

“EXPLAIN WHAT ECONOMISTS MEAN WHEN THEY SUGGEST THAT SOLVING INFLATION OR UNEMPLOYMENT COMPLETELY WILL CREATE A CRISIS IN THE OTHER PROBLEM AREA NOT SOLVED. HOW WOULD THE CHOICE MADE IMPACT ON OVERALL GDP/GROWTH?”

YOU MAY REFER BACK TO OUR TEXT AS WELL AS ANY OTHER SOURCE YOU FEEL WOULD APPLY.

(TWO PARAGRAPH MINIMUM IS SUGGESTED)