The table describes four possible outcomes for 2017, depending on the level of aggregate demand in that year. Inflation rate (percent per year) 12 Potential GDP is $12 trillion and the natural unemployment rate is 5 percent. 11- 10- Price level (2016 = 100) Unemployment rate (percent of labor force) 9- 102.5 9. 8- B 105.0 7- C 107.5 4. 6- 110.0 5- Draw the four points A,B,C, and D on the short-run Phillips curve using the data in the table. Label the points. 4- 3- Draw the short-run Phillips curve through the points. Label it SRPC. 2- 1- empts 0- 4 10 Unemployment rate (percent of labor force) >>> Draw only the objects specified in the question. Selected: 1. Delete Clear none Time Remaining: 01:55:16 Next tact Us

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