Relationship between unemployment and inflation in the context of economic growth and development

Questions:

1. Mention and explain the nature of the labor force and what the different types of unemployment are.

2. Explain what is meant by the natural rate of unemployment and its relationship to full employment.

3. Using the data in the table, integrate the expected relationship of the behavior of the unemployment rate with the phases of the economic cycle. You should use the different levels of unemployment rate with economic growth and construct graphs to present your analysis arguments.

4. Explain what is the relationship between the consumer price index and the inflation rate.

5. 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.

6. Using the data in the table, integrate the expected relationship of the behavior of inflation with the phases of the economic cycle. You should use the different levels of inflation rate with economic growth and construct graphs to present your analysis arguments.

7. Use the graph (s) made in the previous question to contrast the effects and consequences of inflation and deflation in the short and long term.

8. What is the typical relationship between the behavior of inflation and unemployment? In your explanation, integrate what stagflation is.

9. Provide examples of how both issues would behave in a country with a pandemic and atmospheric phenomenon.

Book1 - Excel (Product Activation Failed) File Home Insert Page Layout Formulas Data Review View Tell me what you want to do. & Cut mariela feliciano Share Calibri - 11 AA Copy Wrap Text General Normal Bad Good AutoSum Paste Format Painter BIU - - LAB= = Merge & Center $ ~ % " 00 .0 Conditional Format as Neutral 4Fill YO Calculation Check Cell 41 Insert Delete Format Formatting * Table 2 Clear Sort & Find & Clipboard Font Alignment Filter ~ Select - Number Styles Cells Editing 022 X Y fx A B C D E F G H K L M N O P Q R S N Growth in Gross Product Fiscal Years CPI Rate Of Inflation Participation Rate Unemployment Rate At Current Prices At Constant Prices UI A W 2001 85.1 2.7 45.4 10.5 6:3 1.5 2002 84.3 -1 45.8 12 2:3 -0.3 2003 85.8 1.9 46.6 12.1 513 2.1 2004 86.6 0.9 46.5 11.4 6:9 2.7 2005 90.2 4.1 47 10 00 10.6 5 9 1.9 2006 96.1 6.6 48.6 11 5 5 0.5 10 2007 100.2 4.2 48.6 10.6 4:8 -1.2 11 2008 104.7 4.5 46.6 11.2 3:6 -2.9 12 2009 107.6 2.8 45.5 13.7 1:5 -3.8 13 2010 109.8 2 44.1 16.3 1:1 -3.6 14 2011 111.8 1.8 42.8 16.2 2:2 -1.7 15 2012 114.7 2.6 41.7 15.2 3:6 0.5 16 2013 115.7 0.9 40.9 14 1 3 -0.1 17 2014 116.8 0.9 40.3 14.4 0.2 -1.8 18 2015 116.4 -0.3 39.6 12.8 1:2 .0.8 19 2016 116.2 -0.2 40 1 1.8 0:6 -1.6 20 2017 116.9 0.6 40.1 11.5 -13 -3.2 21 2018 118.8 1.6 40.1 10.3 -1.8 -4.3 22 2019 119.4 0.5 40.6 8.5 4:4 1.5 Activate Windows Sheet1 + Go to Settings to activate Windows. Ready + 120% Type here to search X II 10:54 AM 5/21/2021