👉 Carney's Law is a theory in economics that suggests that when inflation rates rise, unemployment rates tend to fall. This was first proposed by economist John Carney in 1982 and has since become an important part of macroeconomic policy. The theory states that as the money supply grows, there will be less money available for spending, which can lead to a reduction in consumer spending and potentially lower overall economic growth. When inflation rates rise, it is said that this decrease in money supply
