Using an Internet resource, such as the CIA World Fact Book or Trading Economics search for the current unemployment and inflation rates for the U.S., China, Canada and the United Kingdom.
According to this week’s lecture, there are two types of inflation (demand pull and cost push). Which countries are experiencing a demand pull inflation? Which countries are experiencing a cost push inflation? You may need to complete additional research to determine the inflation type for each country.
What correlation, if any, exists between the unemployment and inflation rates of the above countries?