The article explores how people's happiness is affected by unemployment and inflation rates in different countries. By using happiness data from the World Values Survey, the researchers found that the impact of unemployment on happiness is not always greater than inflation. People in Eastern countries tend to dislike inflation more, while Western countries dislike unemployment more. The study also revealed that the marginal trade-off between unemployment and inflation rates varies significantly among countries. Additionally, people's expectations of inflation rates have a significant impact on their happiness. This suggests that governments should carefully manage policies to avoid affecting people's happiness and well-being.