account deficit, exchange rate, unemployment, inflation, and mortgage rates. Second, we employ probit and logit regression …

increase in real household consumption in the long run. Unemployment also depicted a rare positive relationship, and we … attributed the phenomenon to consumer confidence in the economy. Furthermore, the results showed that inflation negatively …

' PC (relating the level of the inflation rate, not the change in this rate, to the rate of unemployment); and the …

The aim of the article is to clarify the controversies surrounding the relationship between inflation and unemployment … also an increase in inflation. The article, therefore, hypothesises that the relationships between unemployment and … economy, particularly the service sector. A decrease in aggregate supply should cause not only an increase in unemployment but …