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16. The time-series plot to the right shows the annual unemployment rate and the annual inflation rate over a period of 19 years. Complete parts

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16. The time-series plot to the right shows the annual unemployment rate and the annual inflation rate over a period of 19 years. Complete parts (a) through (f) 10- below. 8- Unemployment Percent Inflation TO 2 4 6 8 10 12 14 16 18 Year (a) Estimate the unemployment rate in year 5. The unemployment rate in year 5 was approximately 7 %. (Type an integer or decimal rounded to one decimal place as needed.) (b) In what year was the unemployment rate highest? The unemployment rate was highest in year 16 (Type a whole number.) (c) In what year was the inflation rate highest? The inflation rate was highest in year 17 (Type a whole number.) (d) In what year were the unemployment rate and inflation rate closest? furthest? The unemployment rate and inflation rate were closest in year 9 (Type a whole number.) The unemployment rate and inflation rate were furthest in year 15 (Type a whole number.) (e) The misery index is defined as the sum of the unemployment rate and the inflation rate. According to the misery index

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