Use the following table to illustrate the importance of macroeconomic policy coordination.Show that the two governments would have been happier if the two of them had adopted looser monetary policies,but given the policies that the other government did adopt,it is not in the interest of any individual government to change its course.Assume that each country wishes to get the biggest reduction in inflation rate at the lowest cost in terms of unemployment.This means that each country maximizes-ΔΠ/ΔU,the inflation reduction per point of increased unemployment. 
Definitions:
SAT scores
Standardized test scores used for college admissions in the United States, assessing a student's readiness for college.
Standard deviation
A measure that quantifies the amount of variation or dispersion of a set of data values.
Population standard deviation
A measure of the dispersion of a set of data from its mean, calculated for the entire population.
Confidence interval
A range of values, derived from the sample statistics, that is likely to contain the value of an unknown population parameter.
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