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. Inflation

Plot the Phillips curve for Canada using the following data. Do you find evidence in favor of the Phillips curve in your plot? Explain.

Inflation Rate (%) Unemployment Rate (%) 1960 1961 1.4 1 7 7.2

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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