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Inflation & unemployment in vietnam
- 1. INFLATION & UNEMPLOYMENT IN VIETNAM WHAT IS THE CONNECTION ? Tut2-TR08 : Pham Que Duong Hoang Thi My Bui Thu Trang Doan Thi Thoa
- 3. VIETNAM STATISTICS 199 6-2010 Year Inflation rate(%) Unemployment rate(%) 1996 4.5 5.88 1997 3.6 6.01 1998 9.2 6.85 1999 0.1 6.74 2000 -0.6 6.42 2001 0.8 6.28 2002 4 6.01 2003 3 5.78 2004 9.5 5.6 2005 8.4 5.31 2006 6.6 4.82 2007 12.6 4.64 2008 4.5 4.65 2009 7 4.66 2010 4.5 4.65
- 4. ( Cont’d)
- 13. Unemployment Rate 0 Natural rate of unemployment Inflation Rate Long-run Phillips curve Copyright © 2004 South-Western B High inflation Low inflation A 2. . . . but unemployment remains at its natural rate in the long run. 1. When the Fed increases the growth rate of the money supply, the rate of inflation increases . . .