• Explain a hypothetical situation whereeitherdemand-pullorcost-push inflation occurs, addressing how the situation affectseitherthe ADorAS curve, as well as the implications for prices and the overall effect on the economy.
• Using unemployed population as an example, describe how inflation impacts this population in the example. Are their lives improved, about the same, or worse off? Please explain.
• What action can society an the government take to minimize the negative impact on those most affected by the inflationary event? What trade-offs does society have to make? The proposal has to have a reasonable chance of being passed by the country's elected officials. Please provide research link to support the response.