Consider the economy described by the following equations: C1PGNXTY=1,500+0.5(YT)=1000=1,600=200=1,600=7,500 a. Complete the table shown below to find short-run equilibrium output. Consider possible values for short-run equilibrium output as they are given in the table below. Instructions: If you are entering any negative numbers be sure to include a negative sign () in front of those numbers. b. Short-run level of equilibrium output: c. What is the output gap for this economy? Instructions: If you are entering any negative numbers be sure to include a negative sign ( ) in front of those numbers. The actual unemployment rate should be rounded to two decimal places. Output gap: where y=7,500 If the natural rate of unemployment is 5 percent, what is the actual unemployment rate for this economy (use Okun's law given r= 7,500). Actual unemployment rate