Read the articles on the Phillips Curve What is the Phillips Curve and Why has it Flattened Wages and Prices Are Rising - Is the Phillips Curve Back? And at least one other recent online reference or an AI explanation (please indicate source). If you have access to the Wall Street Journal, here is one possible read, Jobs and Inflation: The Great Trade-Off, Demystified 1. What does the Phillips Curve try to explain? 2. How has the Phillips Curve changed since the early 2000s? 3. What are the factors that might have caused shifts in the Phillips Curve? 4. In the last several months has the Phillips Curve changed shape or reemerged? Explain? 5. Analytics: If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 6 million, and the number of persons over age 16 in the population equals 40 million, then what is the (1) labor participation rate and (2) what is the unemployment rate. Explain how you did the calculation. 6. Reflection - the students also should include a paragraph in the initial response in their own words, using macroeconomic terminology, reflecting on specifically what they learned from the assignment