Some historic inflation and unemployment figures for the United States are presented here: Inflation Rate ) Unemployment Rate (x) Year 1996 3.0 5.4 1997 2.3 4.9 1998 1.6 4.5 1999 2.2 4.2 2000 3.4 4.0 2001 2.8 4.7 a) In what years does the inflation rate rise compared to the previous year? In 1998 and 1999 In 1997 and 1998 In 1999 and 2000 In 2000 and 2001 b) What are the unemployment rates for the years when inflation rises? The unemployment rates are (Click to select) v C) Based on these data, in most years NAIRU was above 5%. For most years it was above 5%. some unknown rate since there is insufficient information. between 4.2% and 5 %. In most years it was below 5% but inflation rose when the unemployment rate was 4.2%. below 4.2%. When there was inflation the rate was 4.0%. Next> < Prev 8 of 15 search
Some historic inflation and unemployment figures for the United States are presented here: Inflation Rate ) Unemployment Rate (x) Year 1996 3.0 5.4 1997 2.3 4.9 1998 1.6 4.5 1999 2.2 4.2 2000 3.4 4.0 2001 2.8 4.7 a) In what years does the inflation rate rise compared to the previous year? In 1998 and 1999 In 1997 and 1998 In 1999 and 2000 In 2000 and 2001 b) What are the unemployment rates for the years when inflation rises? The unemployment rates are (Click to select) v C) Based on these data, in most years NAIRU was above 5%. For most years it was above 5%. some unknown rate since there is insufficient information. between 4.2% and 5 %. In most years it was below 5% but inflation rose when the unemployment rate was 4.2%. below 4.2%. When there was inflation the rate was 4.0%. Next> < Prev 8 of 15 search
Chapter7: Unemployment And Inflation
Section: Chapter Questions
Problem 3.7P
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Transcribed Image Text:Some historic inflation and unemployment figures for the United States are presented here:
Inflation
Rate )
Unemployment Rate
(x)
Year
1996
3.0
5.4
1997
2.3
4.9
1998
1.6
4.5
1999
2.2
4.2
2000
3.4
4.0
2001
2.8
4.7
a) In what years does the inflation rate rise compared to the previous year?
In 1998 and 1999
In 1997 and 1998
In 1999 and 2000
In 2000 and 2001
b) What are the unemployment rates for the years when inflation rises?
The unemployment rates are (Click to select) v
C) Based on these data, in most years NAIRU was
above 5%. For most years it was above 5%.
some unknown rate since there is insufficient information.
between 4.2% and 5 %. In most years it was below 5% but inflation rose when the unemployment rate was 4.2%.
below 4.2%. When there was inflation the rate was 4.0%.
Next>
< Prev
8 of 15
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