You are given the following information about the economy.
The natural rate of unemployment is 0.04,Okun's Law is that 
,and the Phillips curve relationship is 
(a)What was the full-employment level of output in each year?
(b)Calculate the growth rate of full-employment output each year.
(c)If expected inflation was 0.04 for all four years,what was the inflation rate each year?
Definitions:
Frequency Distribution
An overview of all distinct values in some variable and the number of times they occur.
Range
In statistics, range refers to the difference between the highest and lowest values in a data set.
Class Intervals
The range of values into which data points in a dataset are grouped for the purpose of creating a frequency distribution.
Frequency Distribution
A statistical representation showing the number of times each value appears in a dataset, often visualized as a table or graph.
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