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Assume that in 2022, actual real GDP was $250.5 billion and potential GDP was $235.5 billion. According to Okun's law, the cyclical unemployment rate in
Assume that in 2022, actual real GDP was $250.5 billion and potential GDP was $235.5 billion. According to Okun's law, the cyclical unemployment rate in 2008 was _implying that the actual unemployment was than the natural unemployment. O 2.99%; greater O -2.99%; less O -6.37%; greater O 6.37%; lessAssume the savings function is defined as S = - 200 + (0.25)YD and the marginal income tax rate is t = 0.5. If autonomous investment increased by 50, then the budget surplus would O not be affected, as an investment is not a fiscal policy instrument increase by 10 increase by 40 increase by 80Assume a simple model with no government or foreign sector. If the actual output is $15.1 trillion and aggregate demand is $15.0 trillion, then it can be said that the magnitude of unintended inventory adjustments is $100 billion O there is an excess demand for goods and services in the economy the magnitude of unintended inventory adjustments is -$100 billion to restore equilibrium, the government should use expansionary fiscal policy
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