Discuss and explain what is worse for our u.s. economy

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While referring to the "EYE on YOUR LIFE", discuss the change in the U.S. unemployment rate and inflation rate over the past year based on the Phillips curve concepts. Did they change in the same direction or in opposite directions?

Explain if the change was a movement along a short-run Phillips curve or a shifting short-run Phillips curve. Can you think of reasons why the short-run Phillips curve might have shifted?

Finally, based on these economic concepts as well as your own point-of-view, discuss and explain what is worse for our U.S. economy, too much inflation or too much unemployment?

Reference no: EM13780733

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