Problem
In April 2000, the U.S. unemployment rate dropped below 4 percent for the first time in 30 years. At the same time, inflation remained at a very low level by historical standards. Can you offer an explanation for what seems to be an improved trade-off between inflation and unemployment? What factors might improve the trade-off? What factors might make it worse?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.