1. Using annual data since 1956, create scatter plots of the following variables: a. CPI inflation rate...

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1. Using annual data since 1956, create scatter plots of the following variables:

a. CPI inflation rate (December to December) against the average unemployment rate for the year.

b. CPI inflation rate against the cyclical unemploy ment rate. (The cyclical unemployment rate is the actual unemployment rate minus the natural unem ployment rate, which is variable NROU in the FRED database.)

c. Change in the CPI inflation rate from the previous year against the cyclical unemployment rate.

Discuss your results in light of the theory of the Phillips curve.

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Macroeconomics

ISBN: 9781292446127

11th Edition

Authors: Andrew B. Abel, Ben S. Bernanke, Dean Croushore

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Question Posted: Nov 11, 2024 08:01 AM

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1. Using annual data since 1956, create scatter plots of the following variables: a. CPI inflation rate...

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Macroeconomics

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