Titlebook: Economics for Lovers of Literature; Geraint Johnes Book 2023 The Editor(s) (if applicable) and The Author(s), under exclusive license to S

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,Unemployment—The Employers and the Employed,Beginning with a quote from Gaskell, this chapter examines the phenomenon of unemployment at the aggregate level. The relationship between unemployment and the level of aggregate economic activity is considered, introducing the link between unemployment and inflation.

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978-3-031-26488-7The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl