1. State what period Phillips wrote and what data he was looking at as well as how people initially saw the hypothesis and what led to its breakdown.
2. Outline the Phillips hypothesis is some detail. Also recognize that the theoretical relationship has been questioned based on US experience.
3. Using the information in this note and in the Excel file put forward your analysis of the relationship between unemployment and inflation. You should put forward arguments that are both for and against the Phillips Hypothesis paying attention to the results for 1947-2020, 1947-1959, 1960-1979, 1980-1999, 2000-2010 and 2011-2020.
4. Reference each graph below & the graphs under the Phillips curve spreadsheet in your paper & atleast 2 outside sources
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