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For Question 4 answer ONE 1) of the questions below: 4A) Explain using the 15-MP Phillips Curve framework what would happen if there was suddenly 5% unexpected intration due to a supply chain disruption at increased the cost of production for all good and services. Describe what would happen to output and interest rates as voi as actuat intuition BEFORE and AFTER the shock Because graphs don't speak for themselves, you should explain why you drew the graphs the way you did OR 4B Suppose the following data describes the US economy inflation - 5% Nominal growth - 3 Growth in potencial output - 5% Unemployment rate 6% Propose and defend an interest rate policy for the economy. That is, would you lower or ser are interest rates the same? Here it helt now that the target interest rates say somewhere near 2%. Real GOP powth is usually around 27% per year and unemployment is around a intrat For Question 4 answer ONE 1) of the questions below: 4A) Explain using the 15-MP Phillips Curve framework what would happen if there was suddenly 5% unexpected intration due to a supply chain disruption at increased the cost of production for all good and services. Describe what would happen to output and interest rates as voi as actuat intuition BEFORE and AFTER the shock Because graphs don't speak for themselves, you should explain why you drew the graphs the way you did OR 4B Suppose the following data describes the US economy inflation - 5% Nominal growth - 3 Growth in potencial output - 5% Unemployment rate 6% Propose and defend an interest rate policy for the economy. That is, would you lower or ser are interest rates the same? Here it helt now that the target interest rates say somewhere near 2%. Real GOP powth is usually around 27% per year and unemployment is around a intrat

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