Macroeconomic information for an economy is given below. (a) How much productive did labor become from Year 1 to Year 2? (b) What was the inflation rate between Year 1 and Year 2? (c) What was the unemployment rate in Year 1? In Year 2? Please show your work. Year 1 8000 Output (pizzas) Employment (workers) 700 70 Unemployed (workers) Labor force (workers) 770 Price per pizza $8.00 Year 2 9000 800 100 900 $9 6 pts
