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Attachment of Figure 16-5 for previously submitted question 10, re average annual rates of unemployment and inflation rate. FIGURE 16-5 Unemployment and Inflation, 1955-1970 Each

Attachment of Figure 16-5 for previously submitted question 10, re average annual rates of unemployment and inflation rate.

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FIGURE 16-5 Unemployment and Inflation, 1955-1970 Each dot shows the average Canadian Inflation unemployment rate for one year and rate the percentage change in the consumer price 6% asad bed ester acheftai index over the subsequent year. Data like this lay behind the initial concept of the Phillips 5 1968 curve. 1 bnomad bas con 1965 Data from: Historical Statistics of Canada; Statistics Canada. 4 1967 1956 1969 3 1966 1970 1957 1964 2 1960 1963 1959 97 1 1955 1961 1962 1958 0 0 1 2 3 4 5 6 7 8% Unemployment rate

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