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According to following diagrams determine the sensitivity parameters of Okun's and Phillips equations and , and long run equilibrium GDP growth rate gY and natural

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According to following diagrams determine the sensitivity parameters of Okun's and Phillips equations and , and long run equilibrium GDP growth rate gY and natural rate of unemployment un. ut=(gYtgY)t=(utun) Suppose that initial unemployment level ut1 of this country is 5%, and initial inflation rate is t1 is 4% and GDP grows gYt at 10% in a given year. What would be current unemployment ut and inflation t rates? ut=4ut=6ut=5ut=3t=6,4t=4,4t=7,2t=4,2

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