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An article in the Economist started by stating That central banks cannot endlessly reduce unemployment without sparking inflation is economic gospel. It follows from a substantial body of theory, informed by considerable historical evidence, according to Janet Yellen, chair of the Federal Reserve. Source: Finding Phillips, The Economist, June 17, 2017. sparking inflation. Assume that the short-run Phillips curve intersects the long-run Philips curve at the expected rate of inflation at point A. Also assume consumers have adaptive expectations. Indicate a possible short-run unemployment-inflation combination from expansionary monetary policy.drop down options are as follows: 1. (lower/higher) 2. (lower/higher) 3. (short-run/long-run) 4.(raising/lowering) 5.(late1990s/1960s/early1980s/1970s)

The drop down options are as follows: 1. (down/up) 2. (higher/lower) 3. (down/up) 4. (rise/remain unchanged/fall)

please help solve these, there was no graphs provided and the questions are complete.

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drop down options are as follows: 1. (lower/higher) 2. (lower/higher) 3. (short-run/long-run) 4.(raising/lowering) 5.(late1990s/1960s/early1980s/1970s) The drop...
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