Macro Unit 3.6 HW: The Inflation-Unemployment Relationship (MS)

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Select all statements for which you agree.
Year
Average Hourly Wage Rate
Production Index
Unemployment Rate
Price Level Index
Rate of increase in productivity
'90
$6.40
197
5.5%
130
3.0%
'91
6.72
199
5.8
133
2.9
'92
7.24
196
7.2
139
3.1

These data indicate that the economy has entered a period of demand-pull inflation.

There is evidence that cost-push inflationary pressure is present in this economy.

This economy has encountered an "inflationary recession" or "stagflation".

This economy has encountered a "recession".

Year	Average Hourly Wage Rate	Production Index	Unemployment Rate	Price Level Index	Rate of increase in productivity
'90	$6.40	197	5.5%	130	3.0%
'91	6.72	199	5.8	133	2.9
'92	7.24	196	7.2	139	3.1