how does the macroeconomic inflation economic growth and Employment prospect effect on living standard
Answers
Answered by
1
Answer:
you make me as brainiest i will tell answer
Answered by
1
- Inflation will reduce the demand, consumption. Consumers won't be able to buy stuff and their living standard will decrease
- Economic growth brings investment, employment, income, prosperity and thus living standard will improve
- Employment will help getting income, rise in income, demand will rise and demand pull growth will result, end result will be enhanced living standard
Similar questions