Solved: Government to lower inflation, Microeconomics

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Government to lower inflation

Task: Based on the "10 Principles of Economics" please help to answer the following questions.

Question 1. Under what conditions might government intervention in a market economy improve the economy's performance? Give at least two examples.

Question 2. Explain how an attempt by the government to lower inflation could cause unemployment to increase in the short-run.

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Microeconomics: Government to lower inflation

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