Given the recent levels of inflation, economists have become increasingly concerned about the possibility of stagflation in the United States. In this activity you are going to analyze whether you think stagflation is a major concern for the economy for a country that is not the United States. Follow the steps below to complete the activity.
1. Read this short article about stagflation in the United States: https://www.forbes.com/advisor/investing/stagflation/Links to an external site.
2. **Choose a country to analyze.
3. Find a time series dataset that has data on the three macroeconomic indicators of stagflation. I recommend using https://fred.stlouisfed.org/Links to an external site. or https://databank.worldbank.org/source/world-development-indicators#selectedDimension_WDI_SeriesLinks to an external site.
4. Post the three graphs in a word or pdf document.
5. In a paragraph or two, analyze whether you think your chosen country is at risk of having stagflation. Make sure to reference the data directly to support your argument. Is the economy of your country related to the economy in the United States? Why or why not?