1. Explain the factors that causes demand-pull inflation. 2. Explain the factors that causes cost-push inflation. 3. If consumer spending decreases due to a decrease in consumer confidence, which of the two (aggregate demand or aggregate supply) will be affected, and which direction (leftwards or rightwards) will it shift in the economy?

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Unemployment and Cost of Unemployment

Unemployment is the state of being unemployed, even when an individual is actively seeking work opportunities. The unemployment rate refers to the percentage of the workforce that is currently unemployed.