Not sure what’s the correct answer for the second question The following graph shows the combinations of unemployment and inflation that existed in theUnited States from 1961 through 1969.INFLATION RATE (Percent)2393 2222 9 38.04.54.03.5+3.02.52.01.51.0 -0.5 +03.0× 69683.567+664.02.8%6.0%4.1%5.5%655.06462++4.55.56.0UNEMPLOYMENT RATE (Percent)63*6.5617.0(?)Hint: Use the graph to answer the following questions. Click on any black point (plus symbol) onthe graph to get its exact coordinates.Which of the following statements about the relationship between the unemployment and inflationdata for 1961-1969 is false?A lower unemployment rate is associated with a higher inflation rate.There was a negative relationship between unemployment and inflation.The unemployment rate peaked at 6.7%.. There was no tradeoff between unemployment and inflation.The points on the graph represent observations along the U.S. economy's Phillips curve during the1960s. If the inflation rate had been 2.5% during the 1960s, the unemployment rate would mostlikely have been:

The Phillips curve illustrates the negative relationship between unemployment and the inflation…

Answered: The following graph shows the…

The following graph shows the combinations of unemployment and inflation that existed in United States from 1961 through 1969.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter2: The One Lesson Of Business

Section: Chapter Questions

Problem 2.6IP

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Question

Not sure what’s the correct answer for the second question

The following graph shows the combinations of unemployment and inflation that existed in the
United States from 1961 through 1969.
INFLATION RATE (Percent)
2393 2222 9 3
8.0
4.5
4.0
3.5+
3.0
2.5
2.0
1.5
1.0 -
0.5 +
0
3.0
× 69
68
3.5
67
+66
4.0
2.8%
6.0%
4.1%
5.5%
65
5.0
64
62
+
+
4.5
5.5
6.0
UNEMPLOYMENT RATE (Percent)
63
*
6.5
61
7.0
(?)
Hint: Use the graph to answer the following questions. Click on any black point (plus symbol) on
the graph to get its exact coordinates.
Which of the following statements about the relationship between the unemployment and inflation
data for 1961-1969 is false?
A lower unemployment rate is associated with a higher inflation rate.
There was a negative relationship between unemployment and inflation.
The unemployment rate peaked at 6.7%.
. There was no tradeoff between unemployment and inflation.
The points on the graph represent observations along the U.S. economy's Phillips curve during the
1960s. If the inflation rate had been 2.5% during the 1960s, the unemployment rate would most
likely have been:

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