Inflation & Unemployment Current Event Questions
ARTICLE 1: UK wage growth outpaces inflation
Questions to answer:
1. Is the information in the article consistent with the concept behind the 'Phillips curve'?
2. Why or why not?
Questions to answer:
1. Is the information in the article consistent with the concept behind the 'Phillips curve'?
2. Why or why not?
ARTICLE 2: Eurozone Inflation Rises Whilst Unemployment Remains Unchanged
Questions to answer:
1. According to the data explained in the article, what is the fate of the EU economy? Support your answer.
Questions to answer:
1. According to the data explained in the article, what is the fate of the EU economy? Support your answer.
ARTICLE 3: The macroeconomic situation and monetary policy in the euro area
Questions to answer:
1. According to the article, is the concept of the 'Phillips curve' valid or invalid in respect to the economic position in the EU today? Support your answer.
Questions to answer:
1. According to the article, is the concept of the 'Phillips curve' valid or invalid in respect to the economic position in the EU today? Support your answer.
Faults of the Phillips Curve
ARTICLE 4: The Great Federal Reserve Fallacy
Questions to answer:
1. What evidence do we have that the Phillips curve theory does not work? Thoroughly explain why.
3. Are there exceptions to the rule? Why do they exist?
Questions to answer:
1. What evidence do we have that the Phillips curve theory does not work? Thoroughly explain why.
3. Are there exceptions to the rule? Why do they exist?