If real GDP grows at a 3.0 percent annual rate over the next two years, what will
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Question:
If real GDP grows at a 3.0 percent annual rate over the next two years, what will the unemployment rate be at the end of this period (it currently is 4.6 percent)? Assume that the growth in potential output is 2.0 percent per year. Alternatively, what would the unemployment rate be is there is no growth in real GDP over the next two years?
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