11. (LO 2) Suppose the actual real GDP in Merryland is $400 billion and its potential GDP...

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11. (LO 2) Suppose the actual real GDP in Merryland is

$400 billion and its potential GDP is $450 billion. If the natural rate of unemployment is 6 percent, what is its present unemployment rate?

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Principles Of Macroeconomics

ISBN: 9780226818399

8th Edition

Authors: Sayre, J.E.; Morris, A.J.

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