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Suppose that an economy has the Phillips Curve π=π↓t-1 -0.5(u-u^n) If the economy has the Non-Accelerating...

Suppose that an economy has the Phillips Curve π=π↓t-1 -0.5(u-u^n) If the economy has the Non-Accelerating Inflation Rate of Unemployment as 5%, demonstrate in the Phillips Curve figure the short-run and long-run values on inflation and unemployment. Make sure to include specific numerical values.

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