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The Phillips Curve 1. Obtain monthly data on the inflation rate and the unemployment rate for any 3 years. Any 36-month period 2. What trends

The Phillips Curve

1. Obtain monthly data on the inflation rate and the unemployment rate for any 3 years. Any 36-month period 2. What trends do you observe?

3. Explain the observations by using the logic of aggregate supply and aggregate demand curves for the period observation.

4. Is there a tradeoff between unemployment and inflation?

5. Explain your answer for #4

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