Consider the Labor Market Graph above. This graph shows the labor market condition in a hypothetical country. The natural rate of unemployment in this country is 6 percent. In other words, even during normal times 6 percent of the labor force is unemployed. The natural unemployment is  due to a combination of frictional and structural reasons. The potential GDP in this country equals YP = 10,000,000. Okun's alpha equals 2. Currently, the nominal wage rate is W = 12,000 and the general price level is P = 120. As a result, currently: Real wage = [Fill in the blank], Natural rate of unemployment = [Fill in the blank], percent Cyclical rate of unemployment = [Fill in the blank], percent Overall rate of unemployment = [Fill in the blank], percent Real GDP in this country equals [Fill in the blank], units. The pdf file "HW3 Graph and Explanation" in the folder Homework Graphs explains the shape of the supply function. Basically, the graph assumes that the maximum number of people who are willing and able to work does not exceed 100 million due to population constraint. 多项填空题