If the natural rate of unemployment is 4.5 percent and the actual unemployment rate is 6.5 percent, then Okun's law indicates that the GDP gap is
A) 2 percent.
B) 3 percent.
C) 4 percent.
D) 6 percent.
Correct Answer:
Verified
Q180: The accompanying list describes the responses of
Q181: Unemployment rates for men and women normally
Q182: The downward stickiness of wages serves like
Q183: Okun's law indicates that for
A) every 1
Q184: If the natural rate of unemployment was
Q186: The GDP gap measures the amount by
Q187: When the economy goes into a recession
Q188: The rate of unemployment tends to be
Q189: Potential GDP is the output that would
Q190: Unemployment rates for skilled workers compared to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents