# Answer to Question #59600 in Macroeconomics for ali

Question #59600

Philips Curve.

I = 36 - 4U.

I = 12.

Determine the unemployment rate.?

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%.

12 = 36 - 4U,

4U = 24,

U = 6%.

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