Once You Have Identified the Output Gap in the IS-MP

Multiple Choice

Once you have identified the output gap in the IS-MP graph in the Fed model, how would you connect to the Phillips curve?

A) Trace the inflation rate from the IS-MP model down to the same inflation rate in the Phillips curve.
B) Trace the real interest rate from the IS-MP model down to the same real interest rate in the Phillips curve.
C) Trace the unemployment rate from the IS-MP model down to the same unemployment gap in the Phillips curve.
D) Trace the output gap from the IS-MP model down to the same output gap in the Phillips curve.