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QUESTION 2 Suppose that the Phillip's curve and Okun's law are given, respectively, by sma” (U!-U", and U-U*=--(Y-Y") wh
Posted: Sun Jul 03, 2022 1:02 pm
by answerhappygod
- Question 2 Suppose That The Phillip S Curve And Okun S Law Are Given Respectively By Sma U U And U U Y Y Wh 1 (25.47 KiB) Viewed 28 times
QUESTION 2 Suppose that the Phillip's curve and Okun's law are given, respectively, by sma” (U!-U", and U-U*=--(Y-Y") where is expected inflation, te is the natural rate of unemployment, and yr is potential output Supposing that a-22-4 and y-24 solve for the aggregate supply curve O x-10 *-10--y 2
QUESTION 3 Given the aggregate demand and aggregate supply from
Questions 1 and 2 above, solve for the equilibrium outputy and aton rate, Exigiti