Most economists believe that from 2010 to 2013, actual GDP in the United States grew slightly faster

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Most economists believe that from 2010 to 2013, actual GDP in the United States grew slightly faster than potential GDP. What, then, should have happened to the unemployment rate over those three years? Before that, from 2006 to 2010, actual GDP grew slower than potential GDP, even contracting for several quarters. What should have happened to the unemployment rate over those three years?

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Economics Principles and Policy

ISBN: 978-1305280595

13th edition

Authors: William Baumol, Alan Blinder

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