Question 1:
Using data from the Bureau of Labor Statistics, what is the current level of unemployment?
Be sure to include the link to where you have found your information.
Question 2:
Using the data from the Bureau of Labor Statistics, what is the current level of inflation?
Be sure to include the link to where you have found your information.
Question 3:
Are these high or low compared to the historical averages of the United States?
Question 4:
Should policy makers ignore the ‘historically observed Phillips Curve relationship' and push unemployment even lower? Explain your thoughts.