Question
Assume the natural rate of unemployment in the U.S. economy is 4 percent and the actual rate of unemployment is 9 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 9 percent. According to Okun's law, the GDP gap as a percentage of potential GDP is
Multiple Choice
- 10 percent.
- 13 percent.
- 4 percent.
- 5 percent.
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Econometric Analysis
Authors: William H. Greene
7th edition
131395386, 131395381, 978-0131395381
