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Can you help me 1. Referring to the graph below, Belgium (BEL) 10 8 ........ --- NAIRU 6 RATES (percent) Unemployment . ..... Inflation 4

Can you help me

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1. Referring to the graph below, Belgium (BEL) 10 8 ........ --- NAIRU 6 RATES (percent) Unemployment . ..... Inflation 4 2 1970 1980 1990 2000 2010 TIME (year) characterize the increasing inflation in 1990 as cost-push and/or demand-pull (both are possible in certain circumstances). Note that the non-accelerating inflation rate of unemployment (NAIRU) is a proxy for the natural rate of unemployment. Support your explanation with the appropriate equation(s). Hint, Okun's law may be helpful here

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