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Author Question: Refer to Figure 17-2. Suppose the economy is at pointBin the figure above. Which of the ... (Read 115 times)

SAVANNAHHOOPER23

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on: Mar 16, 2019

Question 1

Use the following information to draw a graph showing the short-run and long-run Phillips curves, and be sure your graph shows the point where the short-run and long-run Phillips curves intersect.



Natural rate of unemployment = 4 percent

Current rate of unemployment = 5 percent

Expected inflation rate = 3 percent

Current inflation rate = 2 percent



Question 2

Figure 17-2










Refer to Figure 17-2.  Suppose the economy is at point B in the figure above. Which of the following is true?


◦ The expected rate of inflation is 3%.
◦ The natural rate of unemployment is 3.8%.
◦ The current unemployment rate is 5%.
◦ The economy is producing at potential GDP.
◦ Expected inflation and actual inflation are the same.
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by SAVANNAHHOOPER23 on Mar 16, 2019

yahahah24021

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Reply #1 on: Mar 16, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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SAVANNAHHOOPER23

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Reply #2 on: Mar 16, 2019
Thank you!


yahahah24021

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Reply #3 on: Mar 16, 2019
Always glad to help...


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