Answer to Question #225669 in Macroeconomics for kumi

Question

Analyze the following article carefully and share the important implications you can draw from it in the line of discussion we had in the class on inflation and unemployment.                                       

 

Karachi, Larkana ‘most expensive’ cities for consumers of essential items, NPMC told

<span style="color:#0563C1">https://www.dawn.com/news/1612811</span>

Answer 1

• The planned implementation of rates will reduce the rate of inflation.

• The ranking done to regulate prices of essential commodities is aimed at regulating the rate of inflation by stabilizing prices.

• Availability of ghee at a subsidized price under the Ramazan Relief Package will reduce the rate of inflation.

• Review of price trend of essential commodities will provide employment opportunities to those involved in production of these items if it is done to favor there production.

• The overall sugar production was high indicating low unemployment level for those in sugar production sector.