Home X D21 7-1 Quiz - ECO-202-T4488 Ma X MindTap - Cengage Learning X Course Hero X + C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5981412353502464190243042516&elSBN=9780357133576&id=1736030882&snapshotld=3372210& Makenzie v KK CENGAGE | MINDTAP Q Search this course ? My Home Module Seven Quiz X Courses The following table presents historical unemployment and inflation data in the United States for the years 1961 through 1965. Catalog and Study Tools Unemployment Rate Inflation Rate A-Z Rental Options Year (Percent) Percent) 1961 5.7 1.0 College Success Tips 1962 5.5 1.0 1963 5.7 1.3 Career Success Tips 1964 5.2 1.3 ? 1965 4.5 1.6 Help Give Feedback bongo Plot the data for these five years on the following graph. Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship between unemployment and inflation during this period and solve the problems that follow. A+ ?) 4.5 O 4.0 Data Points 3.5 3.0 ATE (Percent) 2.5Home X D21 7-1 Quiz - ECO-202-T4488 Ma X MindTap - Cengage Learning X Course Hero X + C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5981412353502464190243042516&elSBN=9780357133576&id=1736030882&snapshotld=3372210& Makenzie v KK CENGAGE | MINDTAP Q Search this course ? My Home Module Seven Quiz X Plot the data for these five years on the following graph. Courses Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship Catalog and Study Tools between unemployment and inflation during this period and solve the problems that follow. A-Z Rental Options College Success Tips (? Career Success Tips 4.5 ? Help 4.0 Give Feedback Data Points 3.5 bongo 3.0 2.5 INFLATION RATE (Percent) 2.0 1.5 A+ 1.0 0.5 2 3 5 6 8 UNEMPLOYMENT RATE (Percent) Which of the following statements most accurately describes the relationship between inflation and unemployment in the United States during thisHome X D21 7-1 Quiz - ECO-202-T4488 Ma X MindTap - Cengage Learning X Course Hero X + C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5981412353502464190243042516&elSBN=9780357133576&id=1736030882&snapshotld=3372210& Makenzie v KK CENGAGE | MINDTAP Q Search this course ? My Home Module Seven Quiz X Courses Which of the following statements most accurately describes the relationship between inflation and unemployment in the United States during this time period? Catalog and Study Tools O The short-run Phillips curve remained stable. A-Z Rental Options The short-run Phillips curve shifted to the right after actual inflation was higher than expected. College Success Tips The short-run Phillips curve shifted to the left after actual inflation was lower than expected. Career Success Tips The following graph shows the short-run Phillips curve (SRPC) for the United States in 1961. ? Help Give Feedback Drag the dot along the curve, shift the curve, or both to illustrate what happened between 1961 and 1965. bongo (? O SRPC A+ INFLATION RATE O SRPCHome X D21 7-1 Quiz - ECO-202-T4488 Ma X MindTap - Cengage Learning X Course Hero X + C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5981412353502464190243042516&elSBN=9780357133576&id=1736030882&snapshotld=3372210& Makenzie v KK CENGAGE | MINDTAP Q Search this course ? My Home Module Seven Quiz X Courses (? Catalog and Study Tools A-Z Rental Options O College Success Tips SRPC Career Success Tips O ? Help INFLATION RATE O Give Feedback bongo SRPC UNEMPLOYMENT RATE A+ The following graph shows the aggregate demand (AD) and short-run aggregate supply (AS) curves for the United States in 1961. Shift the aggregate demand curve to approximate what happened between 1961 and 1965. (?Home X D21 7-1 Quiz - ECO-202-T4488 Ma X MindTap - Cengage Learning X Course Hero X + C ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5981412353502464190243042516&elSBN=9780357133576&id=1736030882&snapshotld=3372210& Makenzie v KK CENGAGE | MINDTAP Q Search this course ? My Home Module Seven Quiz X Courses The following graph shows the aggregate demand (AD) and short-run aggregate supply (AS) curves for the United States in 1961. RSS Feed Catalog and Study Tools Shift the aggregate demand curve to approximate what happened between 1961 and 1965. A-Z Rental Options College Success Tips (? Career Success Tips ? Help O AD Give Feedback bongo AS AS PRICE LEVEL AD A+ OUTPUT Grade It Now Save & Continue Continue without saving