Average Index of Price Rate of Hourly Wage Industrial Unemployment Level Increase in Year Rates Production Rate Index Productivity 1997 $6.40 197 5.5% 130 3.0% 1998 6.72 199 5.8 133 2.9 1999 7.24 196 7.2 139 3.1 2000 8.02 192 8.3 147 2.8 Refer to the accompanying economic data for a hypothetical economy. There is evidence that cost- push inflationary pressure is present in this economy. O True O False