Problem
Return to the situation of year 1 in the previous problem. By how much would unemployment need to rise to lower inflation in year 2 to 3 percent? Suppose unemployment is kept at this higher level. What happens to inflation in year 3? In year 4? How many years does it take to get inflation down to zero? Make a table like the one in the previous problem to show your results.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.