The subtitle of a Wall Street Journal article about the economy in the euro zone (the 19

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The subtitle of a Wall Street Journal article about the economy in the euro zone (the 19 European countries that use the euro as their currency) was “Fourth-Quarter Output, Lowest Unemployment in Seven Years, Higher Inflation Eases Some Concerns.” Use an aggregate demand and aggregate supply graph to show how the euro zone could experience both lower unemployment and higher inflation. Briefly explain what you are showing in your graph.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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