Question
Assume the natural rate of unemployment in the U.S. economy is 5 percent and the actual rate of unemployment is 5 percent. According to Okun's
Assume the natural rate of unemployment in the U.S. economy is 5 percent and the actual rate of unemployment is 5 percent. According to Okun's law, the GDP gap as a percentage of potential GDP is
Multiple Choice
- 0 percent.
- 10 percent.
- 5 percent.
- 1 percent.
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
