In the late 1990's, the U. economy experienced a period of extremely low inflation and extremely low unemployment. Use the AD/AS model to explain...

In the late 1990's, the U.S. economy experienced a period of extremely low inflation and extremely low unemployment. Use the AD/AS model to explain what sort of change in the economy would cause this. Include a graphical analysis inyour answer, and provide two examples of what might bring about this event.

According to Phillips curve theory, as more workers are hired, unemployment decreases.Moreover, the price level increases, leading to increases in inflation. But this did not happen in1990s in...