{hi to {Ell if} Econlancl's natural rate of unemployment equals 5'56 and its actual rate of unemployment equals 6%. What is the cyclical unemployment rate in Econlanq? Is Eoonland experiencing a recession or expansion? Macroland's natural rate of unemployment equals E356 and its actual rate of unemployment equals 4%. What is the cyclical unemployment rate in Macrolano? Is I'yiacrolancl experiencing a recession or expansion? If the natural rate of unemployment is 5%, and output is 2% below the potential output. what is the actual rate of unemployment if? What if output is 1% apgye potential output? Show all your working. If the natural rate of unemployment is 5%, what is the actual rate of unemployment if output is 1% hel the potential output? What if output is E ahoye potential output? Show all your working. In Macroland potential output equals Si} billion and the natural rate of unemployment is 5%. Based on Ditun*s Law, if the actual unemployment rate is 3%, what is the output gap? What is Macroland's actual output [real GDP}? In Dkunlancl, a oountry that operates according to Okun's law, real GDP equals $153} billion. the actual rate of unemployment is 5%. and the natural unemployment rate is 3%. What is potential GDP in Okunlan