Question: The given equation is Y - Y = 2 ( u - T ) , and since natural rate of unemployment is 0 . 0
The given equation is YY uT
and since natural rate of unemployment is we have YY
or u
or u
or Y
u
or va
u
We have the table as below.
Year mathbfoverline Y
Since we have Y
the growth rate of full employment output would be as
The growth rate of full employment output in year would be as AY
or
in
or
or
According to the calculated full employment values, the growth rate in year is Delta Upsilon
or
or AY
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