Macro Unit 3 3.5- The Phillips Curve 2. Identify a year that clearly represents the idea of stagflation. Explain your answer using data from the graphs. 3. In the early 1980s, economists enacted policies to fight stagflation. Were those policies successful after 1983? Explain your answer using data from the graphs. 4. Given only the information in these two graphs, which year between 1976 and 1986 would you most want to live in. Explain your reasoning. Part 2 - Draw It- 12% 5. Create a short-run phillips curve for the years 1976-1979. Plot and label each year, connect the points, and label the Inflation Rate 10% line SRPC,. 8% 6. Draw a seperate short-run phillips curve for the years 1980-1982. Plot and label each year, connect the points, and label 6% the line SRPC2. 7. Give an example of a specific event that 4% could explain why SRPC , shifted to SRPC2. 2% 6% 7% 8% 9% Unemployment Rate Video Help- https://goo.gl/Tt68ky