The aggregate demand curve is Y = 75 - 3π,and the short-run aggregate supply curve is π = 6.2 + 0.8(Y - 70).Assuming adaptive expectations,calculate the inflation rate and output for the next period.

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The Answer of The aggregate demand curve is Y = 75 - 3π,and the short-run aggregate supply curve is π = 6.2 + 0.8(Y - 70).Assuming adaptive expectations,calculate the inflation rate and output for the next period.

The Aggregate Demand Curve Is Y = 75 - 3π,and