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Assume the current real gdp is 102 trillion. Over the past year real gdp grew by 2%. Over the same period of time cpi grew
Assume the current real gdp is 102 trillion. Over the past year real gdp grew by 2%. Over the same period of time cpi grew from 200 to 280. as well as the unemployment rate rose from 6% to 10%. finally you're told that the economists' best guess at frictional unemployment is 2% while structural unemployment is 4%
Match this data to a well drawn dynamic AD AS model
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