Question: Suppose the following data represent points along a short-run Phillips curve. Are the data consistent with what you would expect? Why or whynot? Inflation Rate

Suppose the following data represent points along a short-run Phillips curve. Are the data consistent with what you would expect? Why or whynot?
Suppose the following data represent points along a short-run Ph

Inflation Rate 0% 1% 2% 3% 4% Unemployment Rate 5% 4.5% 3.75% 2.75% 1.5%

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