[Online Document Assignment:]
EIA Activity: The Great Disinflation of the 1980s
Click on the links on the right to answer the following questions.
Use Link 1 to answer the following questions. True or False: The unemployment rate in the United States was 10.80% in November 1982.
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True or False: The unemployment rate in the United States from January 1988 untilJanuary 1990 was above 6%.
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True or False: In the United States from 1948 through2014 the unemployment rate averaged 5.83%.
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Use Link 2 to answer the following questions. True or False: From 1914 through 2014, the inflation rate in the United States averaged 3.32%.
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True or False: The inflation rate in the United States fell below 2% after January 1986.
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Why is it important to have two measures of the Consumer Price Index, specifically, the Core CPI versus the CPI? Discuss.
How successful was the Federal Reserve at lowering the inflation rate during the 1980s? Discuss.
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