Use the following spreadsheet to work Problem. The spreadsheet provides data on the U.S. economy: Column A is the year, column B is the inflation rate, column C is the interest rate, column D is the growth rate, and column E is the unemployment rate. 1 2 3 4 5 6 7 8 9 10 11 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1.6 2.3 2.7 3.4 3.2 2.9 3.8 -0.3 1.6 3.1 2.1 с 1.0 1.4 3.2 4.9 4.5 1.4 0.2 0.1 0.1 0.1 0.1 D 2.8 3.8 3.4 2.7 1.8 -0.3 -2.8 2.5 1.8 2.8 1.9 E 6.0 5.5 5.1 4.6 4.6 5.8 9.3 9.6 8.9 8.1 7.4 1. Draw a scatter diagram of the inflation rate and the interest rate. Describe the relationship. 2. Draw a scatter diagram of the growth rate and the unemployment rate. Describe the relationship.

Use the following spreadsheet to work Problem. The spreadsheet provides data on the U.S. economy: Column A is the year, column B is the inflation rate, column C is the interest rate, column D is the growth rate, and column E is the unemployment rate. 1 2 3 4 5 6 7 8 9 10 11 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 1.6 2.3 2.7 3.4 3.2 2.9 3.8 -0.3 1.6 3.1 2.1 с 1.0 1.4 3.2 4.9 4.5 1.4 0.2 0.1 0.1 0.1 0.1 D 2.8 3.8 3.4 2.7 1.8 -0.3 -2.8 2.5 1.8 2.8 1.9 E 6.0 5.5 5.1 4.6 4.6 5.8 9.3 9.6 8.9 8.1 7.4 1. Draw a scatter diagram of the inflation rate and the interest rate. Describe the relationship. 2. Draw a scatter diagram of the growth rate and the unemployment rate. Describe the relationship.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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