A Moving to another question will save this response. Question 15 Phillips Curve shows possible combinations of the Unemployment rate inflation rate Wage Rate Income Level and the [Select ALL that apply]

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1. The inflation-unemployment relationship The following graph shows the combinations of unemployment and inflation that existed in the United States from 1961 through 1969. Hint: Use the graph to answer the following questions. Select any blue point (circle symbol) on the graph to get its exact coordinates. NFLATION RATE (Percent) 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0 3.0 O 1969 O 3.5 1968 O 1967 C 4.0 1965 O 5.0 1964 962 O 4.5 5.5 6.0 UNEMPLOYMENT RATE (Percent) 1963 6.5 1961 H 7.0 ++ Scratch Point A lower unemployment rate is associated with a lower inflation rate. O There is a trade-off between unemployment and inflation. O There is a positive relationship between unemployment and inflation. O The unemployment rate peaked at 3.5%. (?) Which of the following statements about the relationship between the unemployment and inflation data for 1961-1969 is true? The points on the graph represent observations along the U.S. economy's Phillips curve during the 1960s. Use the black…

The Fed increases the amount of OMO purchases: a)Inflation increases b)Inflation decreases c)Inflation stays the same d)Can't tell