Question
Graphically illustrate real GDP growth (AD/AS MODEL), unemployment and inflation over the four years period. Explain the pattern observed between the variables using economic knowledge
Graphically illustrate real GDP growth (AD/AS MODEL), unemployment and inflation over the four years period. Explain the pattern observed between the variables using economic knowledge of how the variables could influence each other.
| PlaceN | 2017 | 2018 | 2019 | 2020 |
| Unemployment | 4.16% | 3.80% | 3.69% | 4.42% |
| Real GDP growth | 2.47% | 0.83% | 1.12% | -1.28% |
| Inflation rate | 1.87% | 2.76% | 2.17% | 1.28% |
| Place C | 2017 | 2018 | 2019 | 2020 |
| Unemployment | 4.47% | 4.31% | 4.56% | 5.00% |
| Real GDP growth | 6.95% | 6.75% | 5.95% | 2.24% |
| Inflation rate | 1.59% | 2.07% | 2.90% | 2.42% |
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Macroeconomics
Authors: Olivier J. Blanchard
7th Global Edition
9781292160504
