Greek Economic Challenges Analysis
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Questions and Answers

What are the 3 factors that can cause inflation?

Money supply, exchange rate, and unemployment.

What is inflation?

Inflation is when the price of goods and services increases over a period of time.

Define unemployment.

Unemployment refers to people who are employable and who are searching for a career but are unable to find any.

What is the economic impact when inflation rises?

<p>When inflation rises, unemployment drops.</p> Signup and view all the answers

How many types of unemployment are mentioned in the text?

<p>Six types of unemployment are mentioned: classical, frictional, seasonal, structural, technological, and cyclical.</p> Signup and view all the answers

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