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Find the equilibrium output and equilibrium inflation rate

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Reference no: EM132797444

Suppose that the short-run aggregate supply curve is: π= 2 + 1.5 (Y, where π is inflation and Y Y= -10) is output; and the aggregate demand curve is: 11 - 0.5π.

Problem 1: Find the equilibrium output and the equilibrium inflation rate.

Reference no: EM132797444

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