The equation of the Phillips curve from 1970 to 1995 is: --1-74-1.2. The natural rate of unemployment using this curve is 6.2%. (round your answer to one decimal place) The equation of the Phillips curve from 1996 to 2018 is: x=2.8% -0.164 Which of the following explains why the natural rate of unemployment cannot immediately be calculated from the Philips curve? A. The expression only provides aⓇ and a B. The equation does not include a specific value for expected inflation. ○ C. The expression only provides (m + z) and . ○ D. None of the above. Using the line drawing tool, accurately graph the Phillips relation=2.8% -0.16u with inflation on the vertical axis and unemployment on the horizontal axis. Carefully follow the instructions above and only draw the required object. What is the natural rate of unemployment using the relation=2.8% -0.16, under the assumption that the value of x=2% The natural rate of unemployment fell to 5% between 1970-1995 and 1996-2018? (round your answer to one decimal place) What are the possible explanations for the change in the natural rate of unemployment between the 1980s and the 2000s? A. Workers could have weaker bargaining power. ○ B. There could be more efficient search mechanisms in the labor force. C. The population has aged. OD. All of the above. Inflation rate (%) ་མ་མ་ས་མ་ཇ་ 1.2 0.84 0.4- 0 (0,0.8) 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Unemployment rate (%) G
The equation of the Phillips curve from 1970 to 1995 is: --1-74-1.2. The natural rate of unemployment using this curve is 6.2%. (round your answer to one decimal place) The equation of the Phillips curve from 1996 to 2018 is: x=2.8% -0.164 Which of the following explains why the natural rate of unemployment cannot immediately be calculated from the Philips curve? A. The expression only provides aⓇ and a B. The equation does not include a specific value for expected inflation. ○ C. The expression only provides (m + z) and . ○ D. None of the above. Using the line drawing tool, accurately graph the Phillips relation=2.8% -0.16u with inflation on the vertical axis and unemployment on the horizontal axis. Carefully follow the instructions above and only draw the required object. What is the natural rate of unemployment using the relation=2.8% -0.16, under the assumption that the value of x=2% The natural rate of unemployment fell to 5% between 1970-1995 and 1996-2018? (round your answer to one decimal place) What are the possible explanations for the change in the natural rate of unemployment between the 1980s and the 2000s? A. Workers could have weaker bargaining power. ○ B. There could be more efficient search mechanisms in the labor force. C. The population has aged. OD. All of the above. Inflation rate (%) ་མ་མ་ས་མ་ཇ་ 1.2 0.84 0.4- 0 (0,0.8) 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Unemployment rate (%) G
Chapter17: The Trade-off Between Inflation And Unemploy
Section: Chapter Questions
Problem 4DQ
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Transcribed Image Text:The equation of the Phillips curve from 1970 to 1995 is:
-17.4-1.2u₁.
The natural rate of unemployment using this curve is 6.2%. (round your answer to one decimal place)
The equation of the Phillips curve from 1996 to 2018 is:
x=2.8% -0.16+
Which of the following explains why the natural rate of unemployment cannot immediately be calculated from the Philips curve?
A. The expression only provides Ⓡ and a.
B. The equation does not include a specific value for expected inflation.
C. The expression only provides (m + z) and .
D. None of the above.
Using the line drawing tool, accurately graph the Phillips relation=2.8% -0.16 with inflation on the vertical axis and
unemployment on the horizontal axis.
Carefully follow the instructions above and only draw the required object.
What is the natural rate of unemployment using the relation = 2.8% -0.16u, under the assumption that the value of x=2%
The natural rate of unemployment fell to 5% between 1970-1995 and 1996-2018? (round your answer to one decimal place)
What are the possible explanations for the change in the natural rate of unemployment between the 1980s and the 2000s?
OA. Workers could have weaker bargaining power.
B. There could be more efficient search mechanisms in the labor force.
C. The population has aged.
D. All of the above.
Inflation rate (%)
ྋསྐྱ་གླུ་མ་མ་༤་ཨ་རྒྱ་རྒྱ་༤
(0,0.8)
0 1 2 3
6 7 8 9 10 11 12 13 14 15 16 17 18
Unemployment rate (%)
☑
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VIEWStep 5: Determine the Natural Rate of Unemployment
VIEWStep 6: Determine the reason for the change in the natural rate of unemployment
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