Describe your time range by citing the percentages of each of the components of the Big Three throughout the recession (before recession, peak/trough, after recession), being sure to mention the duration of the recession. 

 

Discuss if there was an inflation, disinflation or deflation prior to, and/or during the recession, and any trends you see in the inflation rate. Explain your reasoning and cite the data.

 

Discuss any relationship between the inflation rate and unemployment rate you may see in the data and discuss how, if at all, it fits with the Phillips Curve model.

 

Was your recession demand- or supply-driven?  Hint: This has to do with the trend in the inflation rate during the recession. Explain your reasoning and cite the data.

 

 

FRED Percent Change from Year Ago, Percent -10 15 10 1950 Real Gross Domestic Product Consumer Price Index for All Urban Consumers: All Items in U.S. City Average Unemployment Rate 1955 Shaded areas indicate U.S. recessions. 1960 1965 1970 1975 1980 1985 Sources: BEA; BLS 1990 1995 2000 2005 2010 2015 2020 fred.stlouisfed.org