Statistics for Management and Economics (Book Only)
11th Edition
ISBN: 9781337296946
Author: Gerald Keller
Publisher: Cengage Learning
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Chapter 3, Problem 92CE
To determine
The relation between the DowJones Industrial Index and the
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The following table shows selected data on unemployment and inflation in the United States between 1961 and 1965.
Unemployment Rate
Inflation Rate
Year
(Percent)
(Percent)
1961
6.7
1.0
1962
5.5
1.0
1963
5.7
1.3
1964
5.2
1.3
1965
4.5
1.6
Plot the data for these five years on the following graph.
Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship
between unemployment and inflation during this period and solve the problems that follow.
4.5
4.0
Data Points
3.5
3.0
2.5
2.0
1.5
1.0
0.5
1
3
4
6
7
8
UNEMPLOYMENT RATE (Percent)
INFLATION RATE (Percent)
The following table presents historical unemployment and inflation data in the United States for the years 1974 through 1978.
Unemployment Rate
Inflation Rate
Year
(Percent)
(Percent)
1974
5.6
11.0
1975
8.5
9.1
1976
7.7
5.8
1977
7.1
6.5
1978
6.1
7.6
Plot the data for these five years on the following graph.
Note: You will not be graded on how you plot the points, but plotting the points accurately on the graph will help you examine the relationship
between unemployment and inflation during this period and solve the problems that follow.
INFLATION RATE (Percent)
6
5
13
12
Data Points
11
10
9
4
2
3
4 5 6 7
B
9
10
11
UNEMPLOYMENT RATE (Percent)
Which of the following statements most accurately describes the relationship between inflation and unemployment in the United States during this
time period?
The short-run Phillips curve remained stable.
The short-run Phillips curve shifted to the left after actual inflation was lower than expected.
The short-run Phillips curve shifted to the right…
The following table shows selected data on unemployment and inflation in the United States between 1977 and 1981.
Unemployment Rate
Inflation Rate
Year
(Percent)
(Percent)
1977
7.1
6.5
1978
6.1
7.6
1979
5.8
11.3
1980
7.1
13.5
1981
7.6
10.3
Plot the data for these five years on the following graph.
Chapter 3 Solutions
Statistics for Management and Economics (Book Only)
Ch. 3.1 - Prob. 1ECh. 3.1 - Prob. 2ECh. 3.1 - Prob. 3ECh. 3.1 - Prob. 4ECh. 3.1 - Prob. 5ECh. 3.1 - Prob. 6ECh. 3.1 - Prob. 7ECh. 3.1 - Prob. 8ECh. 3.1 - Prob. 9ECh. 3.1 - Prob. 10E
Ch. 3.1 - Prob. 11ECh. 3.1 - Prob. 12ECh. 3.1 - Prob. 13ECh. 3.1 - Prob. 14ECh. 3.1 - Prob. 15ECh. 3.1 - Prob. 16ECh. 3.1 - Prob. 17ECh. 3.1 - Prob. 18ECh. 3.1 - Prob. 19ECh. 3.1 - Prob. 20ECh. 3.1 - Prob. 21ECh. 3.1 - Prob. 22ECh. 3.1 - Prob. 23ECh. 3.1 - Prob. 24ECh. 3.1 - Prob. 25ECh. 3.1 - Prob. 26ECh. 3.1 - Prob. 27ECh. 3.1 - Prob. 28ECh. 3.1 - Prob. 29ECh. 3.2 - Prob. 32ECh. 3.2 - Prob. 33ECh. 3.2 - Prob. 34ECh. 3.2 - Prob. 35ECh. 3.2 - Prob. 36ECh. 3.2 - Prob. 37ECh. 3.2 - Prob. 38ECh. 3.2 - Prob. 39ECh. 3.2 - Prob. 40ECh. 3.2 - Prob. 41ECh. 3.2 - Prob. 42ECh. 3.2 - Prob. 43ECh. 3.2 - Prob. 44ECh. 3.2 - Prob. 45ECh. 3.2 - Prob. 46ECh. 3.2 - Prob. 47ECh. 3.2 - Prob. 48ECh. 3.2 - Prob. 49ECh. 3.2 - Prob. 50ECh. 3.2 - Prob. 51ECh. 3.2 - Prob. 52ECh. 3.2 - Prob. 53ECh. 3.2 - Prob. 54ECh. 3.2 - Prob. 55ECh. 3.3 - Prob. 56ECh. 3.3 - Prob. 57ECh. 3.3 - Prob. 58ECh. 3.3 - Prob. 59ECh. 3.3 - Prob. 60ECh. 3.3 - Prob. 61ECh. 3.3 - Prob. 62ECh. 3.3 - Prob. 63ECh. 3.3 - Prob. 64ECh. 3.3 - Prob. 65ECh. 3.3 - Prob. 66ECh. 3.3 - Prob. 67ECh. 3.3 - Prob. 68ECh. 3.3 - Prob. 69ECh. 3.3 - Prob. 70ECh. 3.3 - Prob. 71ECh. 3.3 - Prob. 72ECh. 3.3 - Prob. 73ECh. 3.3 - Prob. 74ECh. 3.3 - Prob. 75ECh. 3.3 - Prob. 76ECh. 3.3 - Prob. 77ECh. 3.3 - Prob. 78ECh. 3.3 - Prob. 79ECh. 3.3 - Prob. 80ECh. 3.3 - Prob. 81ECh. 3.4 - Prob. 82ECh. 3.4 - Prob. 83ECh. 3.4 - Prob. 84ECh. 3.4 - Prob. 85ECh. 3 - Prob. 86CECh. 3 - Prob. 87CECh. 3 - Prob. 88CECh. 3 - Prob. 89CECh. 3 - Prob. 90CECh. 3 - Prob. 91CECh. 3 - Prob. 92CECh. 3 - Prob. 93CECh. 3 - Prob. 94CECh. 3 - Prob. 95CECh. 3 - Prob. 96CECh. 3 - Prob. 97CECh. 3 - Prob. 98CECh. 3 - Prob. 99CECh. 3 - Prob. 100CECh. 3 - Prob. 101CECh. 3 - Prob. 102CECh. 3 - Prob. 103CECh. 3 - Prob. 104CECh. 3 - Prob. 105CECh. 3 - Prob. 106CECh. 3 - Prob. 107CECh. 3 - Prob. 108CECh. 3 - Prob. 109CECh. 3 - Prob. 110CE
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