a decrease an increase to ADE. This would cause a v the short-run Phillips curve, resulting in v in the inflation rate and v in the Suppose that the government is considering enacting an expansionary.f policy,f in 202? that would shift aggregate demand in 20 unemployment rate. Suppose that the government is considering enacting an expansionary policy.f in 202? that would shift aggregate demand in 2028 from AD}; to ADE. Based on your answers to the previous questions, on the following graph use the purple point (diamond symbol) to plot the unemployment rate and inflation rate if the economy is at point A. Next, use the green point (triangle symbol) to plot the unemployment rate and inflation rate if the economy is at point B. (As you place these points, dashed drop lines will automatically extend to both axes. ) Finally, use the black line (cross symbol) to draw the short-run Phillips curve for this economy in 2028. Note: For graphing pruposes, round the inflation rate under each outcome to the nearest whole percent. For example, round 1.9% to 2.0%. Hint: Hover your cursor over each point after you plot it to make sure you have placed it on the exact coordinate you intended. Outcome A Outcome B + INFLATION RATE (Percent) Phillips Curve 2 0 2 3 4 5 7 CO UNEMPLOYMENT RATE (Percent)In the year 202?, aggregate demand and aggregate supply in the imaginary country of Aso-Kuju are represented by the curves 11.02027 and AS on the following graph. The price level is currently 102. The graph also shows two potential outcomes for 2028. The rst possible aggregate demand curve is given by the curve labeled ADA curve, resulting in the outcome given by point A. The second possible aggregate demand curve is given by the curve labeled ADE, resulting in the outcome given by point B. 103 10? AS 106 B _l 1.35 -+ L\" I b _l 134 + I g I E N302? I 0- 1o3 | I l'lDEl I I I I 102 AD I I A I I 101 | a 2 4 e- a 10 12 14 15 OUTPUT [Trillions of dollars] a decrease an increase This would cause a V the short-run Phillips curve, resulting in v in the inflation rate and V in the Suppose that the government is considering enacting an expansionary policy.r in 202 if't aggregate demand in 2028 from AD; to ADE. unemployment rate. shift of movement along This would cause a V the shortrun Phillips curve, resulting in V in the inflation rate and V in the Suppose that the g- ering enacting an expansionary policy in 202? that would shift aggregate demand in 2028 from ADA to .105. unemployment rate. If aggregate demand is low in 2028, and the economy is at outcome A, the inflation rate between 2027 and 2028 is 2.94% 4.00% 5.00% 1.96% 2.94%Suppose the unemployment rate is ?% under one of these two outcomes and 5% under the other. Based on the previous graph, you would expect outcome B V to be associated with the lower unemployment rate (5%]. outcome B outcome A