Exploring the Phillips Curve

3. When unemployment and inflation for the 1950s and 1960s were plotted together, they revealed the Phillips Curve. When the data for the 1970s and 1980s were added, the Phillips Curve disappeared. What does the data for the past 15 years show? Find out by plotting them. You can get data on rates of unemployment and inflation at <http://www.bls.gov/data/top20.htm>. Another site with lots of data is <http://www.stls.frb.org/fred/index.html>

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