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The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place. ' lg Price
The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place. ' lg Price level 340 360 380 400 420 440 460 480 500 520 Real GDP a. The size of its recessionary gap is $ -. b. The size of this gap as a percentage of its actual GDP is 20 96. c. If the natural rate of unemployment is 5.5%, use Okun's law to calculate the amount of actual unemployment in Altrua. The actual rate of unemployment is 96
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