Labor Economics: Labor market analysis

Select one particular country and find unemployment rate record in the past decade.
Search inflation rate in that country in the past 10 years
Compare these two groups of data and guess the relationship between unemployment rate and inflation rate. According to the quantitative research, you can regress these two groups of data and analyze the relationship between unemployment rate and the inflation rate (hint: use unemployment rate as dependent variable and the reciprocal of inflation rate as independent variable, and then figure out coefficient in regression model)
Task 4: Briefly explain the reason why the curve looks like that (hint:

Sample Solution

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