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9. The economy is in long run equilibrium with a natural unemployment rate of 4 percent and potential GDP of $1000 billion. Then, the actual

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9. The economy is in long run equilibrium with a natural unemployment rate of 4 percent and potential GDP of $1000 billion. Then, the actual unemployment rate rises to 6 percent. Assume an Okun coefficient of 2. According to Okun's Law, actual real GDP will be billion dollars. a. 960 b. 1020 c. 980 d. 970 e. 1050

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