Hey there, thank you soo much for answering my questions; don't worry about the staggering, not fussed at all. Altho what exactly are the benefits of inflation - most of those effects were negative,.
Also what are the causes of underemployment especially now since it is increasing???
Thank you
Underemployment is those workers who wish to work more hours but are unable to do so. This increase is reflective of the growing casualisation of the workforce as more employers are preferring to hire more part time and casual workers than full time.
Inflation is necessary in the economy as it shows that the economy is growing: inflation needs to be in target band of 2-3% for sustainable growth to occur.
It also prevents deflation which can slow down economic growth as consumers speculate that prices will fall further therefore will spend less.
Overall - inflation needs to be within target band for it to be positive. There aren't too many positives with regards to inflation generally but economic growth will generally Trump any negatives associated