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Below are the data on five countries (subscript / represent an individual country) Inflationrate; Employmentrate; 6% 95.0% 5% 79.2% 4% 63.3% 6.5% 97.5% 5.5% 88%
Below are the data on five countries (subscript / represent an individual country) Inflationrate; Employmentrate; 6% 95.0% 5% 79.2% 4% 63.3% 6.5% 97.5% 5.5% 88% Assuming that everything else that affect either of these two variables is constant, do the data presented in the table above provide evidence in support of Phillips curve O against Phillips curve O No evidence at all, as the question has nothing to do with Phillips curve but Okun's law O cannot be determined as data on unemployment is missing
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