Assume that an economy has the Phillips curve Tt = T-1 - 0.5(u - 0.03). Then the natural rate of unemployment is: A) 0.12. B) 0.06. C) 0.5. D) 0.03. 9) Government debt equals the: A) difference...

Extracted text: Assume that an economy has the Phillips curve Tt = T-1 - 0.5(u - 0.03). Then the natural rate of unemployment is: A) 0.12. B) 0.06. C) 0.5. D) 0.03. 9) Government debt equals the: A) difference between current government purchases and taxes. B) difference between saving and investment. C) sum of past budget deficits and surpluses. D) M1 money supply. 10) An estimate of what government spending and tax revenue would be if the economy were operating at its natural rate of output and employment is called the budget. A) cyclically adjusted B) inflation adjusted C) capital asset D) generational accounting I would appreciate it if you could write the answer to the question clearly and clearly. I would also like to state that I will give bad marks to questions that are incomplete. I will give the score as soon as the answer to the question comes. Also, l'd appreciate it if you could write it legibly.