Wage setting: W=P(1−u)W = P(1-u)W=P(1−u). Production: Y=NY = NY=N. Markup μ=20%\mu = 20\%μ=20%. Labour force L=60L = 60L=60. Find the natural rate unu_nun and natural output YnY_nYn.
16.667%16.667\%16.667% and 505050
23.5%23.5\%23.5% and 15.515.515.5
20%20\%20% and 15.515.515.5
20%20\%20% and 202020