Solve clearly..

Version: on-line 1: Definitions and short calculations (5 points). Briefly define the following concepts (no diagrams, no formulas): (a) Efficiency wages are (b) Liquidity is (c) The natural rate if output is Short calculations. Show the formula(s) and your work, not just the numerical results. Carry the units in your calculations. (d) In 2012 consumption in the euro area was 6 5536 billion. How much is that in prices of 2014? Year | 2010 2011 2012 2013 2014 2015 2016 CPI 100.0 102.7 105.3 106.7 107.2 107.2 107.5 (e) You lend to your room mate