Question 3 Not complete Marked out of 1.00 Remove flag Suppose that the firms' markup over cost is initially 37 % and that the wage determination equation when P =P is W = P(1-U) where u = unemployment rate (assume for simplicity, that the catch-all variable z does not enter wage setting). Now suppose that there is a permanent change in the oil price that changes the markup to 47%. Keeping all else constant, what is the absolute change in the natural level of unemployment (i.e. Un - Un =? (please answer in the form 0.xxx (which 3 digital places), e.g. if UR = 0.321 and Un = 0.123 then answer is +0.198 - Also remember that (for example) m=10% can be expressed as decimal m=0.1 and you should use decimals in your calculations to get to the right answer => Please add a + or - to denote if it is a positive or negative change)