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Lone Star College System, North Harris *

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2301

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Economics

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Feb 20, 2024

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Uploaded by AmbassadorZebra744

— - = = | | I — Question 7 Retaken | . 0 i Figure 36-4 / 10 points 10 ~ 9 4 U i E Bt i Eo | | w 2 6 L 4 SHaGL gl £ A E (TG AL SRR RARY Ry FENT T ST UNEMPLOYMENT RATE (Percent) 2 3 i 1 Refer to Figure 36-4. If the economy starts at 5% unemployment and 5% inflation then if the Federal Reserve pursues a contractionary monetary f policy, n the short run the economy moves to § ) 3% unemployment and 5% inflation. In the long run the economy moves to 5% unemployment and 5% inflation. ! ) 3% unemployment and 5% inflation. In the long run the economy moves to 5% unemployment and 3% inflation. - X (o 7% unemployment and 3% inflation. In the long run the economy moves to 5% unemployment and 5% inflation wp () 7% unemployment and 3% inflation_ In the long run the economy moves to 5% unemployment and 3% inflation — Question 8 Retaken 10 / 10 points l ‘l

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