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Please answer the question Unemployment and inflation are inversely related, with one rising as the other falls, and an equation giving the relation is called

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Unemployment and inflation are inversely related, with one rising as the other falls, and an equation giving the relation is called a Phillips curve after the economist A. W. Phillips (1914-1975). Phillips used data from 1861 to 1957 to establish that in the United Kingdom the unemployment rate x and the wage inflation rate y were related by y = 9.638x 1.394 - 0.900 where x and y are both in percents. Find the derivative of this function at each x-value. (Round your answers to two decimal places. ) (a) 2 percent (b) 3 percent % Interpret your answers. Near full employment, inflation greatly ---Select--- | with small --Select--- | in unemployment but with higher unemployment, inflation hardly ---Select-- | with -Select- v in unemployment

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