The subtitle of a Wall Street Journal article about the economy in the euro zone (the 19 European countries that use the euro as their currency) was “Fourth-Quarter Output, Lowest Unemployment in...

The subtitle of a Wall Street Journal article about the economy in the euro zone (the 19 European countries that

use the euro as their currency) was “Fourth-Quarter

Output, Lowest Unemployment in Seven Years, Higher

Inflation Eases Some Concerns.” Use an aggregate

demand and aggregate supply graph to show how the

euro zone could experience both lower unemployment

and higher inflation. Briefly explain what you are showing in your graph.