Suppose an economy currently has total output of $7 trillion,trend growth is 3%,and the unemployment rate of 4%.Using Okun's rule of thumb,how would the level of output change if unemployment decreased to 3.5%?

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The Answer of Suppose an economy currently has total output of $7 trillion,trend growth is 3%,and the unemployment rate of 4%.Using Okun's rule of thumb,how would the level of output change if unemployment decreased to 3.5%?

Suppose an Economy Currently Has Total Output of $7 Trillion,trend