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Which is a more serious problem: unemployment or inflation? Also explain the reason?

Which is a more serious problem: unemployment or inflation? Also explain the reason?

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Answer #1

Unemployment is more serious problem than inflation because due to unemployment people life would be joyless and unemployment may also create very severe problems for the society because when person is unemployed then he may be enter into crime like theft , kidnapping and also can do illegal activities like drug supplies etc which is very harmful for the society.

If the people have job and they are employed then economic activity will also increases and they contribute for the nation GDP,as the people become employed so they have money and if have money then their purchasing power increases and so aggregate demand increases and so production will increase and if the production will increase then some more people get job.

So unemployment is more serious problem than inflation.

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