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10. The consumption boom revisited: Go back to exercise 3 and explain what happens in the full short-run model (including the Phillips curve and allowing

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10. The consumption boom revisited: Go back to exercise 3 and explain what happens in the full short-run model (including the Phillips curve and allowing the economy to evolve over time). Do this for both parts (a) and (b), and be sure to provide graphs of output and ination over time

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