The relationship between inflation and unemployment is given by =e2(uu). (a) Draw a diagram showing a long-run Phillips curve and two short-run Phillips curves that contain the following points: A:=.03,e=.03 B: =.06,e=.06 C:=.03,e=.06 D: =.06,e=.03 Label points A, B, C, and D in your diagram. The unemployment rate at point A equals .05. (b) What are the values of the natural rate of unemployment and the unemployment rates at points B, C, and D? The relationship between inflation and unemployment is given by =e2(uu). (a) Draw a diagram showing a long-run Phillips curve and two short-run Phillips curves that contain the following points: A:=.03,e=.03 B: =.06,e=.06 C:=.03,e=.06 D: =.06,e=.03 Label points A, B, C, and D in your diagram. The unemployment rate at point A equals .05. (b) What are the values of the natural rate of unemployment and the unemployment rates at points B, C, and D