Question 7 (10 points) Saved 6. A. What is the difference between disinflation and deflation? B. What is the unit of account functionality of money? Give an example C. If total working population is 60 million, employment is 40 million and unemployment is 5 million. What is the size of the labor force? What is the unemployment rate? D. If the Federal Reserve wants to try and decrease inflation, is contractionary or expansionary monetary policy required? Would they buy or sell bonds? E. Calculate GDP if consumption expenditures are 60 million, investments expenditures are 30 million, government spending is 20 million, total tax revenue is 10 million, total exports are 15 million, total imports are 25 million. D. If the Federal Reserve wants to try and decrease inflation, is contractionary or expansionary monetary policy required? Would they buy or sell bonds? E. Calculate GDP if consumption expenditures are 60 million, investments expenditures are 30 million, government spending is 20 million, total tax revenue is 10 million, total exports are 15 million, total imports are 25 million