1. The Phillips Curve is a widely discussed concept in macroeconomics. Can you explain the basic relationship it depicts between inflation and unemployment? Can you provide examples of policies that can affect this relationship and explain the potential consequences of mismatched policies?
2. Discuss the current economic situation in your country or region. How do the inflation and unemployment rates align with the predictions of the Phillips Curve? Are there any notable discrepancies, and what could be the underlying factors contributing to these discrepancies?