Question
Assume the natural rate of unemployment in the U.S. economy is 5 percent and the actual rate of unemployment is 6 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 6 percent. According to Okun's law, the GDP gap as a percentage of potential GDP is
Multiple Choice
- 2 percent.
- 11 percent.
- 5 percent.
- 1 percent.
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International Business Competing in the Global Marketplace
Authors: Charles W. L. Hill
11th edition
1259578119, 978-1259578113
