Question: HEllo can someone can explain to me this, how this answers come up.!! Suppose that the markup of goods prices over marginal cost is 5%,

HEllo can someone can explain to me this, how this answers come up.!!

Suppose that the markup of goods prices over marginal cost is 5%, and that the wage-setting equation is w = P(1- u), where u is the unemployment rate. The real wage, as determined by the price-setting equation, is 0.9524'. (Round your response to four decimal places.) The natural rate of unemployment is 4.76'%. (Round your response to two decimal places.)

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