The following graph shows inflation and unemployment rates for Canada for the period between 1970 and 2012.
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The following graph shows inflation and unemployment rates for Canada for the period between 1970 and 2012. Does this graph show evidence in favor of the Phillips curve?
Transcribed Image Text:
14 12 10 8 6 4 1 O 2 Canada (1970-2012) 6 1 8 Inflation Rate 10 1 12 14
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ANSWER Inflation and unemployment rate are co related by using the scatter graph we c...View the full answer
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