each of the following questions assumingAssume the Phillips curve is given by the simple equation, where I is inflation rate and U is unemployment rate. U = -I + 20. The NAIRU is 10 percent. Assume that initially economy is in the long-run equilibrium. a. If inflation changes to 15 percent, what will be the unemployment rate in the short run? the economy is experiencing a negative output gap because of the demand shock. a. In the short-run inflation and unemployment are both decreasing b. This can be shown as a (Click to select)