Use the FRED database (https://fred.stlouisfed.org/) to find out what happened to the price of oil (WTISPLC) and the New Zealand unemployment rate (LRUNTTTTNZQ156S) in 2022. What does our model of labour market determination predict will happen to the natural unemployment rate when oil prices increase? What is the consequence for inflation given these developments, and why (Be careful to distinguish between the natural and actual unemployment rate)

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