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The price level is 102 105 104 PRICE LEVEL AD 2023 103 AD B 102 A 101 100 2 6 8 10 12 14 18

The price level is 102

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105 104 PRICE LEVEL AD 2023 103 AD B 102 A 101 100 2 6 8 10 12 14 18 OUTPUT (Trillions of dollars) Suppose the unemployment rate is 6% under one of these two outcomes and 5% under the other. Based on the previous graph, you would expect to be associated with the higher unemployment rate (6%). If aggregate demand is high in 2024, and the economy is at outcome B, the inflation rate between 2023 and 2024 is Based on your answers to the previous questions, on the following graph use the purple point (diamond symbol) to plot the unemployment rate and

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