Figure 13.1 
-Suppose the economy is at point 1 in Figure 13.1.With output below potential output,it might not be possible to create any expectation of an increase in inflation.How,then,might output be brought back to potential? What would this look like on the graph?
Definitions:
Hybrid System
A combination of different technologies, methodologies, or systems that integrate to function together, often bringing together the best features of each.
Closed
This term could refer to an entity, system, or status that is not open for operation, participation, or access by the public or specific groups.
Open
Available to all, not restricted or exclusive, often used in the context of data or software that can be freely accessed and modified.
Unilateral
Describes actions, decisions, or obligations imposed or undertaken by one party without the consent or cooperation of others.
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