Calculate the annual inflation rate from 1966 to the present

Reference no: EM131303743

Go to www.gpoaccess.gov/eop/, the Web site for the Economic Report of the President. On the left of the screen, go to "Downloadable Reports/Tables" and in the "Statistical Tables" click on 2010. In the tables, use Table B.42, "Civilian Unemployment Rate, 1962-2009" to obtain the annual unemployment rate and Table B.60, "Consumer Price Indexes for Major Expenditure Classes, 1965-2009," to obtain the annual consumer price index (CPI). Using the CPI value for all items, calculate the annual inflation rate from 1966 to the present. Note that the tables in the Economic Report of the President are Excel spreadsheets, so the annual inflation rate can be easily calculated using the formula for the inflation rate with Excel's formula bar. For each of the following periods, does the relationship between the annual unemployment rate and the annual inflation rate support a movement along the short-run Phillips curve or a shift in the Phillips curve? And if it supports a shift, was it a negative shock or a positive shock?

a. 1966-1969

b. 1973-1975

c. 1992-1994

d. 2000-2002

Reference no: EM131303743

Questions Cloud

What blinder calls the bunker hill strategy : Why does the Federal Reserve need reasonably accurate forecasts of the economy to pursue and achieve successful monetary policy?

How can a contractionary monetary policy be effective : How can an expansionary monetary policy be effective without reducing interest rates to stimulate spending, and how can a contractionary monetary policy be effective without increasing interest rates to slow down spending?

What is payback period and profitability index of project : Conch Republic Electronics is a midsized electronics manufacturer located in Key West, Florida. The company president is Shelly Couts, who inherited the company. The company originally repaired radios and other household appliances when it was founde..

Volume changing and volume preserving deformation : Many materials often show very different behaviors between volumechanging deformation and volume-preserving deformation.- Calculate Fv and Fd using the third invariant of the deformation tensor.

Calculate the annual inflation rate from 1966 to the present : For each of the following periods, does the relationship between the annual unemployment rate and the annual inflation rate support a movement along the short-run Phillips curve or a shift in the Phillips curve? And if it supports a shift, was it ..

Describe issues in detail and what type of organisms are use : Describe the issues in detail. What type of organisms are used? Why is this a bioethical issue, what are the repercussions of this for us, the environment and other organisms we share the planet with

What is the ordering cost at the lot size of eoq : A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of SKUs. Following are the characteristics of one item.

Calculate the deformation gradient and the change in volume : Consider a square block under oscillating simple shear deformation.- Calculate the deformation gradient and the change in volume.

What is the relevant cost of new preferred stock : Investment bankers have advised Tempo that flotation costs on the new preferred issue would be 5% of the selling price. Tempo's marginal tax rate is 30%. What is the relevant cost of new preferred stock?

User Account

All Pages