6. (LO 1) Figure 5.25 depicts the economy of Altrua, which is presently in equilibrium. a) What...
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6. (LO 1) Figure 5.25 depicts the economy of Altrua, which is presently in equilibrium.
a) What is the size of its recessionary gap? $
b) What is the size of this gap as a percentage of its actual GDP? %
c) If the natural rate of unemployment is 6 percent, use Okun’s law to calculate the amount of actual unemployment in Altrua. %
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