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Jess isaparticularlyproductivewaitressandsheisoftenemployedgivenherexcellence.Yetforthepast3monthsshehasfoundherselfunemployeddespitestillbeingaveryefficientwaitress.WhatdoesJess situationtellyouaboutAustralia'soutputgapatpresent,andwhatdoesthisindicatewithrespecttotherelationshipbetweentheactual(orcurrent)unemploymentrateandthefull employmentrate(i.e.naturalrateofunemployment)? Provideforacontemporarysituationtoillustratetheabovesituation

Jess isaparticularlyproductivewaitressandsheisoftenemployedgivenherexcellence.Yetforthepast3monthsshehasfoundherselfunemployeddespitestillbeingaveryefficientwaitress.WhatdoesJess situationtellyouaboutAustralia'soutputgapatpresent,andwhatdoesthisindicatewithrespecttotherelationshipbetweentheactual(orcurrent)unemploymentrateandthefull employmentrate(i.e.naturalrateofunemployment)?

Provideforacontemporarysituationtoillustratetheabovesituation

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