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

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

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter6: Macroeconomic Measurements, Part I: Prices And Unemployment

Section: Chapter Questions

Problem 6WNG

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Question

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.

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