Business Fluctuations: End of Chapter Problem 10. Consider the following figure. In this relatively unsuccessful economy, the Solow growth rate is 1% per year. Inflation LRAS rate (TT) AD (M + V- 15%) X SRAS (E[=] - 6%) AD (M + V- 7%) Solow Real GDP growth growth rate rate (194) a. Calculate the value of X in this economy. X= b. If spending growth were 15% in this economy, what would the inflation rate be in the long run, assuming the The inflation rate is Solow growth rate stays fixed