Question
Assume the natural rate of unemployment in the U.S. economy is 4 percent and the actual rate of unemployment is 7 percent. According to Okun's
Assume the natural rate of unemployment in the U.S. economy is 4 percent and the actual rate of unemployment is 7 percent. According to Okun's law, the GDP gap as a percentage of potential GDP is
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Essentials of Economics
Authors: Bradley Schiller, Karen Gebhardt
10th edition
125923570X, 978-1259235702
