Briefly explain which point on the phillips curve graph

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Reference no: EM131022201

Use these two graphs to answer the following questions:

a. Briefly explain which point on the Phillips curve graph best represents the same economic situation as point B on the aggregate demand and aggregate supply graph.

b. Briefly explain which point on the Phillips curve graph best represents the same economic situation as point C on the aggregate demand and aggregate supply graph.

Reference no: EM131022201

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