Monthly Unemployment 2014 – 2015 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 6.6 6.7 6.7 6.2 6.2 6.1 6.2 6.2 6.0 5.7 5.8 5.6 2015 5.7 5.5 5.5 5.4 5.5 5.3 5.3 5.1 5.1 5.0 5.0 5.0 Monthly Inflation Rate 2014 – 2015 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 1.6 1.6 1.7 1.8 2.0 1.9 1.9 1.7 1.7 1.8 1.7 1.6 2015 1.6 1.7 1.8 1.8 1.7 1.8 1.8 1.8 1.9 1.9 2.0 2.1 Examine the monthly data on the unemployment rate and the inflation rate for 2014-2015 i) What trends do you observe in the unemployment rate? In the inflation rate? ii) Identify the relationship between Inflation and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. iii) Does the relationship observed in part 2 satisfy the economists' view of the relationship between inflation and unemployment? Use references to support your answer
Monthly Unemployment 2014 – 2015 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 6.6 6.7 6.7 6.2 6.2 6.1 6.2 6.2 6.0 5.7 5.8 5.6 2015 5.7 5.5 5.5 5.4 5.5 5.3 5.3 5.1 5.1 5.0 5.0 5.0 Monthly Inflation Rate 2014 – 2015 Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2014 1.6 1.6 1.7 1.8 2.0 1.9 1.9 1.7 1.7 1.8 1.7 1.6 2015 1.6 1.7 1.8 1.8 1.7 1.8 1.8 1.8 1.9 1.9 2.0 2.1 Examine the monthly data on the unemployment rate and the inflation rate for 2014-2015 i) What trends do you observe in the unemployment rate? In the inflation rate? ii) Identify the relationship between Inflation and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice. iii) Does the relationship observed in part 2 satisfy the economists' view of the relationship between inflation and unemployment? Use references to support your answer
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Monthly Unemployment 2014 – 2015
|
Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|
2014 |
6.6 |
6.7 |
6.7 |
6.2 |
6.2 |
6.1 |
6.2 |
6.2 |
6.0 |
5.7 |
5.8 |
5.6 |
|
2015 |
5.7 |
5.5 |
5.5 |
5.4 |
5.5 |
5.3 |
5.3 |
5.1 |
5.1 |
5.0 |
5.0 |
5.0 |
Monthly Inflation Rate 2014 – 2015
|
Year |
Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
|
2014 |
1.6 |
1.6 |
1.7 |
1.8 |
2.0 |
1.9 |
1.9 |
1.7 |
1.7 |
1.8 |
1.7 |
1.6 |
|
2015 |
1.6 |
1.7 |
1.8 |
1.8 |
1.7 |
1.8 |
1.8 |
1.8 |
1.9 |
1.9 |
2.0 |
2.1 |
Examine the monthly data on the unemployment rate and the inflation rate for 2014-2015
i) What trends do you observe in the unemployment rate? In the inflation rate?
ii) Identify the relationship between Inflation and Unemployment, if any. (positive, negative, no relationship) Use the data to justify your choice.
iii) Does the relationship observed in part 2 satisfy the economists' view of the relationship between inflation and unemployment? Use references to support your answer.
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