Problem
While playing around with old economic data in your spare time, you find that in 1963 the unemployment rate was 5.7 percent and the inflation rate was 1.6 percent; in 1972, the unemployment rate was 5.6 percent and the inflation rate was 3.4 percent; in 1979, unemployment was 5.8 percent and inflation was 13.3 percent; in 1988, unemployment was 5.5 percent and inflation was 4.4 percent; in 1996, unemployment was 5.4 percent and inflation was 3.3 percent. Does this evidence necessarily imply anything about the shape of the SRIA curve? How might you interpret these data?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.