Question: How can you see the Phillips curve operating in the graph of inflation in Figure 9.5? FIGURE 9.5 Inflation in the United States, 1960-2012 Percent

How can you €œsee€ the Phillips curve operating in the graph of inflation in Figure 9.5?

How can you €œsee€ the Phillips curve operating in the

FIGURE 9.5 Inflation in the United States, 1960-2012 Percent 14 12 10 1964 1965 1970 1975 1980 1985 1990 15 2000 2005 2010 Year

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