economics: inflation, unemployment question

1) inflation and unemployment are supposedly inversely related, at least in the short term.  i.e. inflation goes down, unemployment goes up.

2) higher productivity is related to higher standards of living within the economy

3) unemployment provides surplus labor

4) ignoring minimum wage laws, companies could hire surplus workers at a lower cost, thereby increasing average productivity, and so increasing average standard of living.

can you increase the standard of living by producing less currency?

yes.

I'm sure someone over in politics are just burning to answer that very question.

>>3

hi there, economics belongs in science and math.  politics is for insulting koreans and bashing american foreign policy.

>>1
Too simplified, there are 100s of factors which affect even just one of the concepts you use.

>>1
If you stop producing currency you can cause problems in several areas of the economy which can escalate to eventually reduce the standard of living.

>>1
1) Not always true..  think about the 70's

I wants lots and lots of some delectable pot!

Marijuana MUST be legalized.