Apply the Principle: The Phillips Curve

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

1. 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

1. Are these high or low compared to the historical averages of the United States?

QUESTION 4

1. Should policy makers ignore the ‘historically observed Phillips Curve relationship’ and push unemployment even lower? Explain your thoughts.