ENGR.ECONOMIC ANALYSIS
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ISBN: 9780190931919
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Solve all this question......you will not solve all questions then I will give you down?? upvote..
Transcribed Image Text:es
The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place.
Price level
340 360
380
400 420
440
Real GDP
460 480 500 520
AS
AD
LAS
Transcribed Image Text:Price lev
340 360 380 400 420 440 460 480
Real GDP
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 5.5%, use Okun's law to calculate the amount of actual unemployment in Altrua.
The actual rate of unemployment is
T%.
30
%.
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- Solve all this question......you will not solve all questions then I will give you down?? upvote.....arrow_forwardThe questions are attached in the image. The questions are based on 'General equilibrium' model in 'economics'. (please do not tag it in some other subject) These are simple Multiple choice questions which are undergrad level. Please do not reject them. The answers to 45,46 and 47 are D,C and C respectively. Please answer the following as well: 1. For 45, provide the set of pareto efficient outcomes. 2. For 46, provide an algebric solution if possible. Provide a mathematical argument. 3. For 47, provide provide a set of points (if exists) that will take us to the given equilibrium under the given conditions. The questions are easy. PLEASE DO NOT REJECT IT!arrow_forward
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