This is related to economics. The follwing question is about the figure below: 1. Suppose a policymaker only cared about low unemployment. What would their indifference curves look like?2. Which place on the Phillips curve would that person make their choice?3. In the event that the policymaker only cared about low inflation, what would the indifference curves look like?4. This policymaker would pick which point on the Phillips curve?

The policymakers' preferences The policymakers' preferences and the Phillips curve trade-off Phillips curve Labour supply Feasible set Labour Worse outcomes supply Inflation (%) Inflation (%) un C F N ON U - 6% U =3% Policymaker's Best outcome Policymaker's indifference curves indifference curves Employment, N Employment, N