Inflation Is Miserable. Unemployment Is Worse. - 0 views
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Christopher P on 14 Apr 13This article highlights the complex relationship between inflation and unemployment by pointing out the effect that each has on the well-being of individuals. A recent study showed that a whole 4 percent increase in inflation leads to the same amount of unhappiness as an only one percent increase in unemployment. Inflation and unemployment have always been considered inverses, in other words as one increases the other decreases. However the author of the article points out that the goal of central banks should be to keep unemployment as low as possible, instead of inflation, because of its widespread "misery" effect.
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anonymous on 23 Apr 13Although inflation makes people unhappy, it turns out that unemployment makes people unhappier. The country's "misery index" is extremely high.