Use the following information to draw a graph showing the short-run and long-run Phillips curves: Natural rate

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Use the following information to draw a graph showing the short-run and long-run Phillips curves:

Natural rate of unemployment = 5 percent

Current rate of unemployment = 4 percent

Expected inflation rate = 4 percent

Current inflation rate = 6 percent

Be sure your graph shows the point where the short-run and long-run Phillips curves intersect.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 08:00 AM

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Use the following information to draw a graph showing the short-run and long-run Phillips curves: Natural rate

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Economics

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