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Given the Phillips Curve model below, suppose the economy is in an inflationary gap. and policy-makers (Fed or President & Congress) decide to intervene. 4.

Given the Phillips Curve model below, suppose the economy is in an inflationary gap. and policy-makers (Fed or President & Congress) decide to intervene. 4. If policy-makers decide to intervene, what type of \"policy\" will they advocate? 5. With the use of policy, the economy will move from point to point 6. Refer to the answer template. Use the information from the Phillips curve above and indicate the same inflationary gap on each of the three graphs. 7. The U.S. economy is strong right now. Why

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