The prior question: Assume the same values for the economy given in the prior problem, namely, Co = 60, G = 330, T = 240

[answerhappygod]

The prior question: Assume the same values for the economy given
in the prior problem, namely, Co = 60, G = 330, T =
240, I = 100, X = 60, M = 75, b = mpc = .95 and t =.1, the actual
unemployment rate = 3.8%, and the natural unemployment rate is
4.7%.
1.
Given the values in the prior problems, what does Okun's Law
tell us to do?
decrease Y by 2.6%
decrease Y by 2.4%
decrease Y by 1.8%
decrease Y by 1.0%
decrease Y by 0.8%
2.
Given the values in the prior problems, in order to achieve full
employment, how many dollars must Y decrease?
$17.50
-$19.0
-$22.59
-$28.09
-$30.66