Full employment or low unemployment rates can lead to higher inflation.

Name: Full employment or low unemployment rates can lead to higher inflation.
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Question

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When there is full employment or low unemployment rates, workers are in high demand and may demand higher wages. This can increase costs for businesses, leading to higher prices and inflation. Additionally, as demand for goods and services increases, suppliers may increase their prices, further contributing to inflation.

Full Employment or Low Unemployment Rates Can Lead to Higher