I found many concepts interesting throughout this course changed my way of seeing economics and had a lot of fun learning about them. Even on a day to day basis I was able to see the different parts of economics we were learning about at work. The biggest things that I learned about were all the small parts that effect the economy in big ways especially with exports and imports.
The short run trades off between inflation and unemployment because as the inflation rate rises unemployment becomes lower. However if inflation rate decreases unemployment begins to increase so an economy must find a good median where the inflation rate is not to high or too low so that unemployment is not too high or low. There is not a long-run trade-off because this is expected inflation that an economy is able to adjust and even out the unemployment rate. The short-run will not last for a very long time because as time goes by the economy is used to a higher rate of inflation.
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