Question in 1980 the inflation rate in italy was 21 and the, Ask an Expert

Economics

Question: In 1980, the inflation rate in Italy was 21% and the unemployment rate was 4.4%. By 1998, the inflation rate in Italy had declined to 2% and the unemployment rate had risen to 12.3%.

(A) What were the principal factors that caused the inflation rate to fall so much?

(B) What were the principal factors that caused the unemployment rate to rise so much?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M93114958

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