Question 2 Assume that the following are the statistics for Xlandia's inflation and unemployment from 1985 to 2020. (Your answer should be 200 words ±10%) Year Inflation (%) Unemployment (%) Year Inflation (%) Unemployment (%) 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 6.3 9.4 7.3 9.1 16.0 24.3 16.6 15.8 8.3 13.4 18.0 11.9 8.6 4.6 5.0 6.1 3.4 3.7 2.4 3.0 3.3 2.3 2.3 3.6 5.6 6.0 5.9 5.0 6.4 9.8 11.3 12.4 11.7 11.2 11.2 10.3 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 4.9 7.8 9.5 5.9 3.7 1.6 2.4 3.5 2.4 3.1 3.4 1.5 3.0 1.8 1.7 2.9 3.0 2.7 8.9 7.3 6.9 8.5 9.8 10.5 9.8 8.8 8.3 7.2 6.3 6.1 5.6 4.9 5.2 5.0 4.8 4.7 (c) How would you describe the relationship between inflation and unemployment between 2009 and 2020.
Question 2 Assume that the following are the statistics for Xlandia's inflation and unemployment from 1985 to 2020. (Your answer should be 200 words ±10%) Year Inflation (%) Unemployment (%) Year Inflation (%) Unemployment (%) 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 6.3 9.4 7.3 9.1 16.0 24.3 16.6 15.8 8.3 13.4 18.0 11.9 8.6 4.6 5.0 6.1 3.4 3.7 2.4 3.0 3.3 2.3 2.3 3.6 5.6 6.0 5.9 5.0 6.4 9.8 11.3 12.4 11.7 11.2 11.2 10.3 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 4.9 7.8 9.5 5.9 3.7 1.6 2.4 3.5 2.4 3.1 3.4 1.5 3.0 1.8 1.7 2.9 3.0 2.7 8.9 7.3 6.9 8.5 9.8 10.5 9.8 8.8 8.3 7.2 6.3 6.1 5.6 4.9 5.2 5.0 4.8 4.7 (c) How would you describe the relationship between inflation and unemployment between 2009 and 2020.
Principles of Economics 2e
2nd Edition
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Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter21: Unemployment
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Problem 30CTQ: Using the definition of the unemployment rate, is an increase in the unemployment rate necessarily a...
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![Question 2
Assume that the following are the statistics for Xlandia's inflation and unemployment from 1985
to 2020. (Your answer should be 200 words ±10%)
Year
Inflation (%)
Unemployment (/)
Year
Inflation (%)
Unemployment (%)
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
6.3 9.4 7.3 9.1 16.0 24.3 16.6 15.8 8.3 13.4 18.0 11.9 8.6 4.6 5.0 6.1 3.4 3.7
2.3 2.3 3.6 5.6 6.0 5.9 5.0 6.4 9.8 11.3 12.4 11.7 11.2 11.2 10.3
2.4 3.0 3.3
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
4.9 7.8 9.5 5.9 3.7 1.6 2.4 3.5 2.4 3.1 3.4 1.5 3.0 1.8 1.7 2.9 3.0 2.7
8.9 7.3 6.9 8.5 9.8 10.5 9.8 8.8 8.3 7.2 6.3 6.1 5.6 4.9 5.2 5.0 4.8 4.7
(c)
How would you describe the relationship between inflation and unemployment
between 2009 and 2020.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1a61bc2-3926-4e8e-9482-7eb8d9255ad7%2F811ba34b-58ff-47db-bb5e-ff29e23a39cc%2Fv6dmx8n.jpeg&w=3840&q=75)
Transcribed Image Text:Question 2
Assume that the following are the statistics for Xlandia's inflation and unemployment from 1985
to 2020. (Your answer should be 200 words ±10%)
Year
Inflation (%)
Unemployment (/)
Year
Inflation (%)
Unemployment (%)
1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
6.3 9.4 7.3 9.1 16.0 24.3 16.6 15.8 8.3 13.4 18.0 11.9 8.6 4.6 5.0 6.1 3.4 3.7
2.3 2.3 3.6 5.6 6.0 5.9 5.0 6.4 9.8 11.3 12.4 11.7 11.2 11.2 10.3
2.4 3.0 3.3
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
4.9 7.8 9.5 5.9 3.7 1.6 2.4 3.5 2.4 3.1 3.4 1.5 3.0 1.8 1.7 2.9 3.0 2.7
8.9 7.3 6.9 8.5 9.8 10.5 9.8 8.8 8.3 7.2 6.3 6.1 5.6 4.9 5.2 5.0 4.8 4.7
(c)
How would you describe the relationship between inflation and unemployment
between 2009 and 2020.
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