This is an individual Project. Your paper should be between 5-10 pages, Font Size 12-11 and line spacing 2-1.5.

Question: The relationship between inflation and unemployment . Establishing negative and positive linear relationships and by reading graphs.All graphs and charts are provided in the file Student Project 1

a. Students will analyze trends in inflation and unemployment and means such as core inflations or the natural rate of unemployment using data from the Bureau of Labor Statistics.

b. Students are expected to understandthe relationships between unemployment and inflation fromgeneral scatter plot such as negative and positive trends. And in the case of the Phillips Curve recognize that the theoretical relationship has been questioned based on US experience.Provide a critical analysis of the Phillips Curve.

A Guide to your paper:

1. First describe/define unemployment and inflation as detailed as possible. You should also understand core inflations and the natural rate of unemployment.
2. Outline the Phillips hypothesis is some detail. Also recognize that the theoretical relationship has been questioned based on US experience.
3. Using the information in this note and in the Excel file put forward your analysis of the relationship between unemployment and inflation. You should put forward arguments that are both for and against the Phillips Hypothesis paying attention to the results for 1947-2020, 1947-1959, 1960-1979, 1980-1999, 2000-2010 and 2011-2020.
4. You are free to use any of the charts or graphs in your paper.

Note:

1. Please read paper by Ramaa Vasudevan attached.
2. Use the data file in the Excel
3. 

Inflation and Unemployment 1948-2020 Home Insert Draw Page Layout Formulas Data Review View Automate @ Tell me BLS Data Series Phillips Curves Ready xa Accessibility: Investigate