Unemployment and Inflation

Unemployment and inflation are two completely different economic issues that are, surprisingly, very much related to one another. When dealing with both of these economic factors, it is important to understand that these topics are an extremely important part of today's economic world. By studying and understanding what inflation and unemployment are and how they relate, economists are able to predict many of the situations and complications that randomly take place in today's economy. Because of this financial knowledge, economists and the rest of society can better prepare for economic issues. After the definitions of what inflation and unemployment are made clear, one can understand how these two topics are directly related and understand some of the ways and tools that are used to predict and understand our economy.…