The corresponding table includes a breakdown including Inflation Rate, Unemployment Rate, Price Level, and Real GDP. Using the data below, plot the graphs: Plot the short-run Phillips curve and the aggregate supply curve on separate graphs. Plot the long-run Phillips curve on a separate graph, when the natural unemployment rate is 6%. Inflation Rate Unemployment Rate Price Level Real GDP 2% 7% 104 9.8 3% 6% 103 10.0 4% 5% 102 10.2

The Phillips curve in Lowland takes the form of π = 0.04 – 0.5 (u – 0.05), where π is the actual inflation rate and u is the unemployment rate. The Phillips curve in Highland takes the form of π = 0.08 – 0.5 (u – 0.05). The current unemployment rate in both countries is 9 percent (0.09). Explain the similarities in the Phillips curves in Highland and in Lowland.

Specific subject : Macroeconomics - Phillips Curve & Okun's Law

Explain what the implications of moving towards a ‘gig economy’, where fewer people work full-time jobs, will have on the unemployment rate and on the output of the economy.

The unemployment rate in a certain country was dropping at a constant rate of 0.2% (= 0.002, in decimals) between 2009 and 2019. In 2012, the unemployment rate was 3.5%.Let t be the number of years since 2009 and let U(t) be the unemployment rate at year t.(a) Find a formula for the function U. (Hint: use decimals in place of percentages.)U(t) =(b) Assuming the model is valid for a couple of more years after 2019, calculate the expected unemployment rate in year 2021. Enter your answer as a percentage.

Could you please solve this econometrics question?

Use an appropriate graphical framework to illustrate the effects of the following supply-side factors on unemployment: (i) (ii) An increase in marginal tax rates A fall in unemployment benefit, decreasing the replacement rate.

Q D)

Figure 17-5 Inflation rate (percent per year) 10% 5 0 Long-run Phillips curve 5.5% 7.5 Short-run Phillips curve Unemployment rate (percent)

Unemployment- which is when persons in an economy have lost their job; however, they are still seeking a job.  The unemployment rate for Antigua and Barbuda increased from 14.71% to 14.83% in 2020 and 2021, respectively. Most Caribbean Countries had faced an increase in unemployment; however, it had declined since the lockdown had been discontinued for most countries. Show the data in a graph