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On the axes below, draw a short-run macroeconomic equilibrium where unemployment is 10%. Then, imagine you work for the Federal Reserve. What act of policy

On the axes below, draw a short-run macroeconomic equilibrium where unemployment is 10%. Then, imagine you work for the Federal Reserve. What act of policy would you choose to get the economy closer to full employment output? Draw the new macroeconomic equilibrium with the correct curves shifted.

LRAS

Price Level

GDP

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