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II. In the late 1990s, the U.S. economy experienced a period of extremely low inflation and extremely low unemployment. Use the AD/AS model to explain

II. In the late 1990s, the U.S. economy experienced a period of extremely

low inflation and extremely low unemployment. Use the AD/AS model to

explain what sort of change in the economy would cause this. Include a

graphical analysis in your answer, and provide two examples of what

might bring about this event.

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