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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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
