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Complete the table by entering the Inflation rate at each potential outcome point. Note: Calculate the Inflation rate to two decimal points of precision. Unemployment

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Complete the table by entering the Inflation rate at each potential outcome point. Note: Calculate the Inflation rate to two decimal points of precision. Unemployment Rate Inflation Rate A 58% x x Points: 0 / 1 seead on your answers to the preceding parts, use the black Me (plus symbol) to draw the short-run Phos curve (SRPCJ for this economy In 2024. (Note: You will not be graded on any changes you make to this graph.] BRPD A LAPC INFLATION RATE (Peronb UNEMPLOYMENT RATE (Percent) The short-run Phillips curve Is a downward sloping v line: () At the natural rate of unemployment O Representing the tradeoff between unemployment and Inflation At the natural level of output Points 1/1 Explanation: Close Explanation The table shows that the unemployment rate associated with outcome B Is 7%%. Because the price level at point : Is 104 (2 1.965: Increase over the Initial price level of 102j. the Inflation rate under outcome B Is 1.86%

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