Question
If the natural rate of unemployment was 4 percent, the current unemployment rate was 8.5 percent, and potential GDP was $4,000 billion, then according to
If the natural rate of unemployment was 4 percent, the current unemployment rate was 8.5 percent, and potential GDP was $4,000 billion, then according to Okun's law the economy would have sacrificed
Multiple choice
$360 billion in output not produced
$850 billion in output not produced
$400 billion in output not produced
$160 billion in output not produced
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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
11th Edition
134519574, 9780134521046 , 978-0134519579
