Answer to Question #59600 in Macroeconomics for ali

Question #59600

Philips Curve.
I = 36 - 4U.
I = 12.
Determine the unemployment rate.?

Expert's answer

If the equation of the Philips Curve is I = 36 - 4U and I = 12, then the unemployment rate U is:
12 = 36 - 4U,
4U = 24,
U = 6%.

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