Question: No need to draw graph just need coordinates please Year Inflation Rate Unemployment Rate (% ) (%) 2018 4.8 5.8 2019 2.7 9.0 2020 3.6

No need to draw graph just need coordinates please

No need to draw graph just need coordinates please Year Inflation Rate

Year Inflation Rate Unemployment Rate (% ) (%) 2018 4.8 5.8 2019 2.7 9.0 2020 3.6 6.9 a. Draw a graph showing the Phillips curve for Acadia based on the values for inflation and unemployment in this economy from 2018 to 2020. Plot 3 points in total to draw the Phillips curve for Acadia below. Your Graph Score: 0% Phillips Curve for Acadia Phillips CL A Inflation Rate (%) N 6 8 10 12 Unemployment Rate (x) b. The change that takes place between 2018 and 2019 could be caused by |contractionary @ stabilization polices. The change that takes place between 2019 and 2020 could have been caused by |expansionary @ stabilization polices. c. Suppose that in 2021 the inflation rate is 6% and the unemployment rate is 11%. What has happened to the Phillips curve for Acadia? What could explain this change? Because the inflation rate is higher @ and the unemployment rate is higher @ than the values for these two variables during 2018 to 2020, the Phillips curve for Acadia has shifted |rightward| This shift is likely due to a(n) |decrease @ in |aggregate supply @ with one of the following factors as a possible cause: A reduction in input prices. A drop In labour productivity. An increase in investment spending. A decrease in the consumption of durable items

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!