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The Science of Macroeconomics

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Academic year: 2018

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Figure 1-2 shows the U.S. inflation rate. You can see that inflation varies substantially
Figure 1-3 shows the U.S. unemployment rate. Notice that there is always some unemployment in our economy
Figure 2-4 shows the breakdown of the population into the three categories for 2000.The statistics broke down as follows:
Figure 2-5 uses annual data for the United States to illustrate Okun’s law. This figure is a scatterplot—a scatter of points where each point represents one  obser-vation (in this case, the data for a particular year)
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