What action should the Fed take if it wants to move from a point on the short-run Phillips curve representing low unemployment and high inflation to a point representing higher unemployment and lower inflation?

This assignment will require you to write an analysis with a minimum of 3-5 paragraphs. You will need to focus on your analysis and address each aspect of the question. You will be graded based on your analysis and how well you answered the questions. You will submit a one-page document.