Use current inflation and unemployment statistics to argue either for or against intervention in the economy by the federal reserve.

Unemployment and inflation data for the US economy are encouraging. The unemployment rate is the lowest since 1969, 3.7% in September 2018 according to data from the US Department of Labor. This can be considered full employment, a concept that suggests that some unemployment is natural and frictional, represented by people moving or not looking for a job in a hurry.

Phillips's Law that suggests that there is an inverse relationship between inflation and unemployment does not seem to reflect the US economy at the moment. Inflation is controlled, around 2% as expected by the Federal Reserve.

In this scenario, it can be said that market mechanisms are acting in the US economy optimally. It is the government's responsibility to ensure that the economic environment remains business-friendly without direct intervention, unless inflation is above the target, which is not the case at first.

abolish

do away with

unanimous

in complete agreement

secede

separate; break free

inauguration

starting a new position with a formal ceremony.

cooperationist

people who wanted the north to cooperate with the south

surrender

to give up

volunteer

perform a service for free

draft

involuntary service in military

retreat

withdraw; move away from enemy

advisor

expert who gives advice

explanation:

where is the rest of the question. this isn't making sense. can you upload a picture of the question?