Apply the Principle: The Phillips Curve

QUESTION 1
  1. Using data from the Bureau of Labor Statistics, what is the current level of unemployment?
    Be sure to include the link to where you have found your information.

 

QUESTION 2

  1. Using the data from the Bureau of Labor Statistics, what is the current level of inflation?
    Be sure to include the link to where you have found your information.

 

QUESTION 3

  1. Are these high or low compared to the historical averages of the United States?

 

QUESTION 4

  1. Should policy makers ignore the ‘historically observed Phillips Curve relationship’ and push unemployment even lower? Explain your thoughts.
Field of study: 

Answer

ECO 100 Apply the Principle: The Phillips Curve

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