Interpret the macroeconomic data of the economy described by the fol- lowing table. Are economic developments...
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Interpret the macroeconomic data of the economy described by the fol- lowing table. Are economic developments compatible with Phillis curve? What is real interest rate? What can we say about the relationship between changes in unemployment adnd growth rate? (16 points) Years Growth rate (%) Inflation (CPI) (%) Unemployment rate (%) Nominal interes rate (%) 2009 2.5 15 10 16 2010 6.9 8 13 8 Interpret the macroeconomic data of the economy described by the fol- lowing table. Are economic developments compatible with Phillis curve? What is real interest rate? What can we say about the relationship between changes in unemployment adnd growth rate? (16 points) Years Growth rate (%) Inflation (CPI) (%) Unemployment rate (%) Nominal interes rate (%) 2009 2.5 15 10 16 2010 6.9 8 13 8
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