Suppose the whole society experiencing expansion economic cyle,we can see a _______ output gap,and the unemployment rate is ________ than the employment rate when the economy is at the potential GDP.

If the output gap equals 0%, then Group of answer choices there is an expansionary gap cyclical unemployment equals the sum of structural and frictional unemployment the actual rate of unemployment is greater than the natural rate of unemployment. there is no cyclical unemployment potential GDP is greater than actual GDP

If real GDP is greater than potential GDP, then:Group of answer choicesthe actual unemployment rate equals zerothe actual unemployment rate is greater than the natural unemployment ratethe output gap is negativethe actual unemployment rate is less than the natural unemployment rate

When an economy's output is than its potential output, the gap is known as a recessionary gap.

To achieve long-run equilibrium in an economy with a recessionary gap, output will ______ and the inflation rate will _____.

The figure below depicts the economy of Altrua, which is presently in equilibrium. Enter your responses below rounded to one decimal place.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 6%, use Okun’s law to calculate the amount of actual unemployment in Altrua.    The actual rate of unemployment is %.