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3. The long-run effects of monetary policy The following graphs plot the long-run equilibrium situation for an economy. The frst graph plots the aggregate demand

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3. The long-run effects of monetary policy The following graphs plot the long-run equilibrium situation for an economy. The frst graph plots the aggregate demand (AD) and long-run aggregatio supply (LrAS) curves. The second graph plots the long-run and short-run Philips curves (LRPC and SRPC; respectively). Which of the following statements are true bated on these grephs? Check all that appy. It is impossible to determine the raturat rate of unemployment from these graphs alone. The natural rate of unemployment is 9%k. The natural level of output is 9%. Suppose the central bank of the economy purnues a pelicy that inereates the meney supsty. Show the long-ran effects of ths policy on both of the graphi by shiting the approgriate aires. The long-nan effect of the central bank's polcy is in the infution rate. In rial cop

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