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Question 6 (Lesson 11: Monetary Policy and Aggregate Demand) The IS curve is Y = 20 - 1.5r, and the aggregate demand curve is Y

Question 6 (Lesson 11: Monetary Policy and Aggregate Demand) The IS curve is Y = 20 - 1.5r, and the aggregate demand curve is Y = 15.5 - 0.3. When the interest rate is 7 percent, the inflation rate is ________ percent. Show all your work. (5 points)

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