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1. Assume that the full-employment level of output in Hope is $300 billion and the natural unemployment rate is 4%. Now the actual unemployment rate

1. Assume that the full-employment level of output in Hope is $300 billion and the natural unemployment rate is 4%. Now the actual unemployment rate is 3%, what would be the current level of output according to Okun's law (when the Okun's law coefficient is 2)

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