Day: November 13, 2022

When will a reduction in unemployment result in an increase in inflation?

Select ONE answer:

1. when a high percentage of the increase in income is saved
2. when the economy reaches its production possibility curve
3. when the jobs created are unskilled
4. when the newly employed buy mainly imported goods

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 2

1. Not correct
2. Correct
3. Not correct
4. Not correct

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