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(Solved): The subtitle of a Wall Street Journal article about the economy in the eurozone (the 19 European ...



The subtitle of a Wall Street Journal article about the economy in the eurozone? (the 19 European countries that use the euro as their? currency) stated? "Fourth-quarter output, lowest unemployment in seven? years, higher inflation eases some? concerns." ?Source: Paul Hannon and William? Horobin, "Eurozone Economy on Pace with? U.S.," Wall Street Journal?, January? 31, 2017. Use an aggregate demand and aggregate supply graph to explain how the eurozone could experience both lower unemployment and higher inflation. Assume the eurozone is initially in? long-run equilibrium. The ? long-run aggregate supply short-run aggregate supply aggregate demand curve will shift ? right left .



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