What does the New Keynesian Phillips curve imply will happen to inflation and output?

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Suppose initially in 2020 prior to Covid that inflation was at the Federal Reserves target and the output gap was zero. Of course, then there was an exogenous shock to the economy due to the Covid virus. What does the New Keynesian Phillips curve imply will happen to inflation and output? What should be the Federal Reserves response to this event?

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