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Assume that the United States economy is currently in a short run equilibrium with the...

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Assume that the United States economy is currently in a short run equilibrium with the actual unemployment rate above the natural rate of unemployment a Draw a single correctly labeled graph with both the long run Phillips curve and short run Phillips curve Label the current short run equilibrium point P b Assuming no policy actions are taken will the short run Phillips curve shift to the right upward shift to the left downward or remain the same in the long run Explain

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