The equation for the Okun's curve below is: y=-0.2489x+0.6414. R^2=0.3469. If the growth rate of GDP in NZ was 1.5 percent in 2020, the change in the unemployment rate will be __.

Okun's alpha is α = 2 and potential GDP equals YP = 10,000. Currently there is no cyclical unemployment in this country. The nominal wage equals W = 10,000 and the general price level is P = 100. In this country natural unemployment is percent and the real GDP equals .

Suppose based on the past twenty years of data the estimating equation for Okun’s Law is ut – ut-1 = –0.4 (gt – g*), where g*, the normal (or benchmark) growth rate of output, is equal to 3%. If the current rate of unemployment is 9% what is the minimum growth rate of output needed over five years to reduce the unemployment rate to 5%?

In the news,the claim is that the Australian economy is experiencing an expansionary output gap of 4 percent.If the Okun's law coefficient is B=2 and the natural rate of unemployment is 4 percent, what is the unemployment rate? O 6% ○2% ○-2% ○-1% ○1%

Suppose that the "equilibrium" unemployment rate is 5% during these years.  Use Okun's Rule of Thumb and the data from the previous question to predict what the unemployment rate would have been in 2020.Group of answer choicesapproximately 2.4%approximately 5%approximately 7.6%approximately 15%need more information to determine the correct answer

Suppose the Phillips curve is represented by the following equation: π t - π t-1 = 20 - 2 ut. Given this information, we know that the natural rate of unemployment in this economy is