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Suppose the unemployment rate is 5% under one of these two outcomes and 2% under the other. Based on the previous graph, you would expect V to be associated with the higher unemployment rate (5%). If aggregate demand is high in 2024, and the economy is at outcome B, the ination rate between 2023 and 2024 is V . Based on your answers to the previous questions, on the following graph use the purple point (diamond symbol) to p ination rate if the economy is at point/l. Next, use the green point (triangle symbol) to plot the unemployment rate is at point B. (As you place these points, dashed drop lines will automatically extend to both axes. J Finally, use the h - ross symbol) to draw the shorterun Phillips curve for this economy in 2024. Note: For graphing pruposes, round the ination rate under each outcome to the nearest whole percent. For exampl , n I 9% to 2.0%. Hint: Hover your cursor over each point after you plot it to make sure you have placed it on the exact coordinate you intended. 8 Outcome A 6 4 Outcome B INFLATION RATE (Percent) + Phillips Curve 2 1 0 2 3 5 6 7 8 UNEMPLOYMENT RATE (Percent) shift of movement along Suppose that the g ering enacting an expansionary policy in 2023 that would shift aggregate demand in 2024 from ADA to ADB. This would cause a the short-run Phillips curve, resulting in in the inflation rate and in the unemployment rate.Co Outcome A 6 A 5 Outcome B INFLATION RATE (Percent) 3 Phillips Curve 2 0 2 3 5 6 7 8 UNEMPLOYMENT RATE (Percent) a decrease an increase Suppose that the government is considering enacting an expansionary policy in 202 hift aggregate demand in 2024 from ADA to ADB. This would cause a the short-run Phillips curve, resulting in in the inflation rate and in the unemployment rate.CO Outcome A 6 4 5 Outcome B A INFLATION RATE (Percent) + Phillips Curve W N 0 2 3 5 6 7 8 UNEMPLOYMENT RATE (Percent) an increase a decrease Suppose that the government is considering enacting an expansionary policy in 2023 that would shift aggregate demand in 20 to ADB. This would cause a the short-run Phillips curve, resulting in in the inflation rate and in the unemployment rate