The conversation between human and AI assistant.
What is the relationship between growth, inflation and unemployment?
That's helpful. Can you give an example of a time when all three factors were in balance?
One example of a time when growth, inflation and unemployment were in balance was in the late 1990s in the US. At the time, the economy was experiencing strong growth, but inflation remained low and unemployment was also low. This was partly due to the expansion of the technology sector, which created a lot of new jobs and productivity gains, while also keeping prices in check.