In the classic approach to “tuning” the economy, leftist, pro-government policy analysts once were keen to argue that boosting inflation would cure unemployment. And there are those who still believe this.
The idea is based on the work of A.W. Phillips and his now famous curve describing the relationship between inflation and unemployment. The Phillips curve suggests that periods of high unemployment tend to have a negative impact on prices, lowering inflation. The reverse holds true, in this model, for periods of low unemployment that then lead to higher inflation.