Consider Figure 17-5, and suppose that the economy initially operates at point A, at which the inflation

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Consider Figure 17-5, and suppose that the economy initially operates at point A, at which the inflation rate is 0 percent and the unemployment rate is 6 percent, which is the natural rate of unemployment. In the long run, will an increase in the inflation rate to 3 percent result in the economy operating at point B or at point F1? Explain your reasoning.
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