ECON 545 Week 6 Case Study; Macroeconomic Challenges; Unemployment and Inflation

Week 6: Macroeconomic Challenges: Unemployment and Inflation Your Name EmailECON545 Professor Luan Eshtrefi Due Date Introduction When it comes to unemployment there are many forms, but the reasons for being unemployed vary by person and place. Unemployment can be short term or long term but to become employed can be hard based on your education status, age, or the demand for jobs. Some companies don’t want to hire based on the increase of goods and services, also known as inflation. Inflation is the reflection of any increase in the price of a good or service. When the economy grows business then spends more money to meet the needs of demand for more goods and services. Based on the need to spend more money they then must raise their prices. This then causes inflation. There are three main causes of inflation: demand-pu