08 Inflation Rate vs. Unemployment Rate

08 Inflation Rate vs. Unemployment Rate - Inflation Rate 1%...

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Unformatted text preview: Inflation Rate 1% 1 % 2% 3% 5% 8% Unemployment Rate 9% 7% 6% 5% 4% 3% I. U I II. U I III. Phillips Curve shows the inverse relationship between the inflation rate and the unemployment rate IV. See notes for graph V. The long run Philips cure is a vertical line and shows that unemployment and inflation are independent of each other. ...
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This note was uploaded on 04/17/2008 for the course ECON Micro taught by Professor Somppi during the Spring '08 term at Auburn University.

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08 Inflation Rate vs. Unemployment Rate - Inflation Rate 1%...

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