Compare and contrast the Keynesian conflict theory of the labour market with the neoclassical theory of the labour market. Explain what causes unemployment in each theory and what the solution to unemployment is in each. (18 marks) What theories of inflation are there aside from the Keynesian conflict theory? Explain how inflation is determined according to these theories. (8 marks) Does the Keynesian conflict theory of inflation help us to understand the recent period of high inflation in rich countries? (7 marks)