6. A countrys current unemployment rate is 11 percent. Economists estimate that its natural rate of unemployment

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6. A country’s current unemployment rate is 11 percent.

Economists estimate that its natural rate of unemployment is 6 percent. About how large is this economy’s negative GDP gap? LO29.2

a. 1 percent.

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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