In 2019, the outcome turned out to be row C of the left side of the table. Plot the short-run Phillips curve for 2019 and mark the points A, B, C, and D that correspond to the data in the right side of the table.

The left part of the table describes four situations that might arise in 2018, depending on the level of aggregate demand. The right part of the table describes four situations that might arise in 2019.

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Inflation rate Unemployment (percent per year) rate (percentage) 1.9 B 3.8 5.7 5 D 9.4 3 Data 2018 Price level (2017 100) Data 2019 Real GDP Unemployment (trillions of Price Real GDP Unemploymen rate level (trillions of t rate (percent) (2017 = 100) 2017 dollars) (Percent) 2017 dollars) 102 11.0 108 11.1 B 104 11.1 B 110 11.2 106 11.2 112 11.3 5 110 11.4 3 D 116 11.5 3