The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses...
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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. Price level AS AD LAS 340 360 380 400 420 440 460 480 500 520 a. The size of its recessionary gap is $[ b. The size of this gap as a percentage of its actual GDP is %. c. If the natural rate of unemployment is 5%, use Okun's law to calculate the amount of actual unemployment in Altrua. The actual rate of unemployment is The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place. Price level AS AD LAS 340 360 380 400 420 440 460 480 500 520 a. The size of its recessionary gap is $[ b. The size of this gap as a percentage of its actual GDP is %. c. If the natural rate of unemployment is 5%, use Okun's law to calculate the amount of actual unemployment in Altrua. The actual rate of unemployment is
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