You are given that the economy has a natural rate of unemployment of 4.4%.

Let inflation change by -1.8percentage points.

Assuming a slope of 1/3, use the Phillips Curve and Okun'sLaw to find the corresponding unemployment rate.

Note: find short run output first, then the unemployment rate.

Do not type the"%" sign, and round to two decimal places.

Example:.0815 = 8.15% should be entered as 8.15