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Inflation and unemployment data for Acadia can be found in the table below. Year Inflation Rate (%) Unemployment Rate (%) 2018 4.4 5.4 2019 2.3
Inflation and unemployment data for Acadia can be found in the table below. Year Inflation Rate (%) Unemployment Rate (%) 2018 4.4 5.4 2019 2.3 8.6 2020 3.2 6.5 a. Draw a graph showing the Phillips curve for Acadia based on the values for inflation and unemployment in this economy from 2018 to 2020. Plot 3 points in total to draw the Phillips curve for Acadia below. Phillips Curve for Acadia 5 Tools n 4 Phillips Curve 3 Inflation Rate (%) 2 1
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