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Suppose short-run output exceeds full potential output by 3 percent. 3. According to Okun's law, what is the effect on unemployment? b. Assuming that inationary

Suppose short-run output exceeds full potential output by 3 percent. 3. According to Okun's law, what is the effect on unemployment? b. Assuming that inationary expectations are constant, what is the effect on wages

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