Macroeconomics 9th Edition by David Colander

Exercise 32

Congratulations.ou've just been appointed finance minister of Inflationland.nflation has been ongoing for the past five years at 5 percent.he target rate of unemployment, 5 percent, is also the actual rate.
a.Demonstrate the economy's likely position on both short-run and long-run Phillips curves.
b.The president tells you she wants to be reelected.evise a monetary policy strategy for her that might help her accomplish her goal.
c.Demonstrate that strategy graphically, including the likely long-run consequences.