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Relationship between unemployment and inflation in the context of economic growth and development Instructions Using the content discussed in the course, with emphasis on the
Relationship between unemployment and inflation in the context of economic growth and development Instructions Using the content discussed in the course, with emphasis on the topic of unemployment and inflation, and the data from the table that you can access here, Download here,proceeds to answer the questions raised below regarding the relationship between unemployment and inflation in the context of economic growth and development. Read each premise carefully and answer the questions specifically and in detail. Keep in mind that, to obtain the total value that corresponds to each question, you must answer the request with the correct information, demonstrating that you understand and can properly apply the concepts studied. Try to address all elements of each question and always express answers in your own words. In your analysis, you must answer the following questions: Mention and explain the nature of the labor force and what are the different types of unemployment. Explain what is meant by the natural rate of unemployment and its relationship to full employment. Using the data in the table, integrate the expected relationship of the behavior of the unemployment rate with the phases of the business cycle. You must use the different levels of unemployment rate with economic growth and build graphs to present your analysis arguments. Explain the relationship between the consumer price index and the inflation rate. Explain what we can understand by expected inflation, inflation due to an increase in aggregate demand or inflation due to a decrease in aggregate supply. Using the data in the table, integrate the expected relationship between the behavior of inflation and the phases of the business cycle. You must use the different levels of inflation rate with economic growth and build graphs to present your analysis arguments. Use the graph(s',l created in the previous question to compare the effects and consequences of inflation and deflation in the short and long term. What is the typical relationship between the behavior of inflation and unemployment? In your explanation, integrate what stagflation Is. As a final point of the task, present examples of how both topics would behave in a country with a situation of a pandemic and an atmospheric phenomenon. Try to include with your answers all the graphs created to complete the task. Data for selected macroeconomic variables -growth in the gross product (96) 1--Years ICC prosecutors (CPI) 2001 war 2019p 8-5 2-Cup of 2002 . . 2003 3-Inflatlon 2004 _ 4-Cup Of 2005 90. stake 2005 5_Cup of 2007 2003 104. unemployment 2009 6-at prices 2010 currents 2011 111. 7-at prices 2012 2013 constants 2014 2015 EE- 2016 116-2 201"
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