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Assume the Phillips curve is given by the simple equation U=i+ 20 The non-accelerating rate of unemployment is 12 percent. a. If inflation changes to

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Assume the Phillips curve is given by the simple equation U=i+ 20 The non-accelerating rate of unemployment is 12 percent. a. If inflation changes to 10 percent, what will be the unemployment rate in the short run? Instructions: Enter your answer as a whole number. C] percent. b. What will it be in the long run? Instructions: Enter your answer as a whole number. C] percent

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