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The Phillips curve for the economy is shown in the accompanying graph. 6 The conn an erit producing les surpl The economy is currently producing

The Phillips curve for the economy is shown in the accompanying graph. 6 The conn an erit producing les surpl The economy is currently producing 5% less output than its government announces an unexpected stimulus package that you believe will increase output to 5% above potential.b. If expected inflation is 4%, what will total inflation be after the stimulus

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