Question: 9. (LO 3) The data in Table 12.4 are for the economy of Hyaku. a) Given that the labour force remained a constant 120 million,

9. (LO 3) The data in Table 12.4 are for the economy of Hyaku.

a) Given that the labour force remained a constant 120 million, calculate the unemployment and inflation rates for each of the years 2011–2015 in Table 12.14.

b) From the data collected, draw a Phillips curve in Figure 12.15.

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