5.Suppose that the Phillips curve is given by,=+ (+ ) −ttmzuwhere= (1 −) +ett− 1Suppose thatm%,z%,, and= 1.= 1= 2Given this information, write out the equation for the changein the inflation rate as a function of the unemployment rate.12345678910Change in inflationt= 0.6The change in the inflation rate as a function of theunemployment rate can be written as:.(Write out the equation and substitute in the informationgiven. Do not include the percent sign in your equation.)(Properly format your expression using the tools in thepalette. Hover over tools to see keyboard shortcuts. E.g., asubscript can be created with the _ character.)On the axes provided on the right, graph the equation for thechange in the inflation rate as a function of theunemployment rate that you found above.1.)Using the line drawing tool,graph the change in theinflation rate as a function of the equation for theunemployment rate that you found above. Be sure to startyour line on they-axis.Carefully follow the instructions above and only draw therequired object.Using the graph, ifwere to, then the line would________.decreaseA.shift down but stay parallel to the originalcurve.B.keep the samey-intercept and rotatebecomingupflatterC.keep the samey-intercept and rotate, becoming.downsteeperD.shift up but stay parallel to the originalcurve.,.12345678910-10-9-8-7-6-5-4-3-2-1012345678910Change in inflationUnemployment rate