In the event that lower labor and regulatory costs* abroad cause domestic companies to relocate their operations and this results in lower expected and realized economic activity, what would we expect to see domestically? A lower neutral rate An underutilization of labor and capital Deficient aggregate investment and demand Subdued inflation as firms lack pricing power due to weak NGDP Expectations of a more gradual path for monetary policy Fiscal space as the private sector does not fully make use of all the national economy's available resources