Unemployment Reduction Linked to Price Level Increase in Jiangsu Province.
The study looked at how unemployment and prices are related in Jiangsu Province. Researchers used data from 1987 to 2011 to see how changes in prices affect unemployment rates. They found that when prices go up by 1%, unemployment can decrease by 0.532%. The study suggests that the government should balance prices, employment, and expectations to keep the economy stable.