10. Between 1995 and 2000, the U.S. economy experienced surprisingly rapid gowth, termed the \"new economy\" by some observers. Was this a change in potential output or short-run output? Alan Greenspan, Fed chairman, argued it was a change in potential and did not raise interest rates to slow the economy. At the time, many economists thought this was a mistake. Look back at the data on ination in Figure 12.9 to form your own opinion. 1Write a brief memo (one page or less] either defending or criticising Greenspan's position. Be sure to use the graphs of the Shortrun modal to make your case