Answer the following questions by referring to the graph below and assuming adaptive expectations. Use equations as appropriate to justify your answers. 1 (a) Was the unemployment rate greater or than or less than the natural rate of unemployment during 1950? Briefly explain your answer. (b) Was aggregate output greater than or less than potential output during 1958? Briefly explain your answer. Answer the following questions by referring to the graph below and assuming adaptive expectations. Use equations as appropriate to justify your answers. 1 (a) Was the unemployment rate greater or than or less than the natural rate of unemployment during 1950? Briefly explain your answer. (b) Was aggregate output greater than or less than potential output during 1958? Briefly explain your