Argentina Case

Introducing Argentina is a country in South America bordering around the beautiful Atlantic Ocean and Argentina neighbors countries which are Bolivia, Brazil, Chile, Paraguay, and Uruguay. Argentina is the world's eighth largest country, covering an area of 2.8 million square kilometers. Argentina has some of the world's tallest mountains, huge deserts, and hypnotizing waterfalls, with the diversity of the land ranging from wild, remote areas in southern Patagonia to the metropolis of Buenos Aires in the north. Their landscapes are geographically diverse producing tropical climates in the north and in the far south there is tundra climate. The government is republic; the president of Argentina is chief of state and head of government. Being that Argentina has a mixed economy which means it has a variety of private freedom, combined with centralized economic planning and government regulation.

The relationship between unemployment and inflation is unemployment rates are low, inflation should occur because consumers would be earning and later using that income to purchase goods and services, when too much money is being spent which is happening in the economy, inflation is inevitable. If unemployment rate is high, spending is down, people can't afford to be enough due to lack of money. Therefore more jobs are laid off and inflation is most likely to come down do the means less spending in the economy. So that’s why, a nation usually targets their unemployment rate at NAIRU (Non-Accelerating Inflation Rate of Unemployment), this is the lowest unemployment can be without causing inflation. For this reason, you usually see nations wanting some unemployment, so government benefits are given. Mainly to avoid problems this is basically inflation.

One of the economic concerns I’d like to cover for Argentina is unemployment. Despite the fast growth of the Argentine economy, unemployment remains a tough cookie to crack. While