The graph on the left demonstrates how employment rate influences inflation (and vice versa). The graph on the right is a historical account of inflation and unemployment in the US, which is not the same thing.
The graph on the right is subject to a lot more variables. The one on the left is also a simplified model. It’s not really one to one.
The graph on the left demonstrates how employment rate influences inflation (and vice versa). The graph on the right is a historical account of inflation and unemployment in the US, which is not the same thing.
The graph on the right is subject to a lot more variables. The one on the left is also a simplified model. It’s not really one to one.
ah. it seems like you are getting the point 100% while maintaining that we disagree for some reason. :) im 100% with you and ill leave it at that