A growth rate of unemployment below the natural rate of growth leads to an increase in the rate of inflation--but a growth rate of unemployment above the natural rate of growth leads to a decrease in the rate of inflation, also known as disinflation.
But a growth rate of unemployment above the natural rate of growth leads to a decrease in the rate of inflation, also known as disinflation. A growth rate of unemployment below the natural rate of growth leads to an increase in the rate of inflation.
A growth rate of unemployment below the natural rate of growth leads to an increase in the rate of inflation. But a growth rate of unemployment above the natural rate of growth leads to a decrease in the rate of inflation, also known as disinflation.
A growth rate of unemployment below the natural rate of growth leads to an increase in the rate of inflation. But a growth rate of unemployment above the natural rate of growth leads to a decrease in the rate of inflation, also known as disinflation.