Answer to Question #59600 in Macroeconomics for ali

Question #59600
Philips Curve. I = 36 - 4U. I = 12. Determine the unemployment rate.?
1
Expert's answer
2016-05-12T12:36:03-0400
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%.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
paypal