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Economics. Draw the short-run Phillips curve if the expected inflation rate is 5 percent a year. Label it SRPC, Inflation rate (percent per year) Draw

Economics.

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Draw the short-run Phillips curve if the expected inflation rate is 5 percent a year. Label it SRPC, Inflation rate (percent per year) Draw a point at the expected inflation rate and the natural unemployment rate. Label it 1. Draw the short-run Phillips curve if the expected inflation rate is 15 percent a year. Label it SRPC, 20- LRPC Draw a point at the expected inflation rate and the natural unemployment rate. Label it 2. 15- 10- Unemployment rate (percentage of labour force) >>> Draw only the objects specified in the questi

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