Plot the Phillips curve for Canada using the following data. Do you find evidence in favor of
Question:
Plot the Phillips curve for Canada using the following data. Do you find evidence in favor of the Phillips curve in your plot? Explain.
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Inflation Rate (%) Unemployment Rate (%) 1960 1961 1.4 1 7 7.2 1962 1963 1964 1965 1966 1967 1968 1969 1.6 1.9 2.3 3.8 3.6 4.1 4.6 4 3.4 3.8 4.5 4.4 1.1 6 5.6 4.7
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