A countrys current unemployment rate is 11 percent. Economists estimate that its natural rate of unemployment is

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A country’s current unemployment rate is 11 percent. Economists estimate that its natural rate of unemployment is 6 percent.

About how large is this economy’s negative GDP gap?

a. 1 percent

b. 3 percent

c. 6 percent

d. 10 percent

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Macroeconomics

ISBN: 9781264112456

22nd Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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Question Posted: Mar 01, 2024 08:02 AM

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A countrys current unemployment rate is 11 percent. Economists estimate that its natural rate of unemployment is

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Macroeconomics

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