lecture 11 labor market (chapter 14)phillips curve the phillips curve shows the relationship between...
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![Page 1: Lecture 11 Labor Market (Chapter 14)Phillips Curve The Phillips Curve shows the relationship between the infla- tion rate and the unemployment rate. FIGURE 13.6 Unemployment and Inflation,](https://reader035.vdocuments.us/reader035/viewer/2022062606/5fe68c83e00a19151e27ae29/html5/thumbnails/1.jpg)
Lecture 11
Labor Market (Chapter 14)
• Why is there unemployment? (Class discus-sion)
• Phillips Curve
• Plot of the price of imports
• NAIRU
![Page 2: Lecture 11 Labor Market (Chapter 14)Phillips Curve The Phillips Curve shows the relationship between the infla- tion rate and the unemployment rate. FIGURE 13.6 Unemployment and Inflation,](https://reader035.vdocuments.us/reader035/viewer/2022062606/5fe68c83e00a19151e27ae29/html5/thumbnails/2.jpg)
![Page 3: Lecture 11 Labor Market (Chapter 14)Phillips Curve The Phillips Curve shows the relationship between the infla- tion rate and the unemployment rate. FIGURE 13.6 Unemployment and Inflation,](https://reader035.vdocuments.us/reader035/viewer/2022062606/5fe68c83e00a19151e27ae29/html5/thumbnails/3.jpg)
![Page 4: Lecture 11 Labor Market (Chapter 14)Phillips Curve The Phillips Curve shows the relationship between the infla- tion rate and the unemployment rate. FIGURE 13.6 Unemployment and Inflation,](https://reader035.vdocuments.us/reader035/viewer/2022062606/5fe68c83e00a19151e27ae29/html5/thumbnails/4.jpg)
![Page 5: Lecture 11 Labor Market (Chapter 14)Phillips Curve The Phillips Curve shows the relationship between the infla- tion rate and the unemployment rate. FIGURE 13.6 Unemployment and Inflation,](https://reader035.vdocuments.us/reader035/viewer/2022062606/5fe68c83e00a19151e27ae29/html5/thumbnails/5.jpg)
![Page 6: Lecture 11 Labor Market (Chapter 14)Phillips Curve The Phillips Curve shows the relationship between the infla- tion rate and the unemployment rate. FIGURE 13.6 Unemployment and Inflation,](https://reader035.vdocuments.us/reader035/viewer/2022062606/5fe68c83e00a19151e27ae29/html5/thumbnails/6.jpg)