The traditional short-run phillips curve implies a powerful role for monetary policy. according to the theory, place the events in order based on what happens when the central bank unexpectedly expands the money supply. a. the economy is in equilibrium at full employment (u = u") b. the central bank injects new moneyinho the money supply c. aggregate demand inereaser d. the inflation rate rises and the urienpieybientr tes ta new equilibrium where

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a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.