Explain how the output gap is related to the unemployment rate and the equilibrium unemployment rate.
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Q114: Based on the data shown, calculate
Q115: Based on the data shown, calculate
Q116: Based on the data shown, calculate
Q117: Suppose that the equilibrium unemployment rate is
Q118: Suppose that the equilibrium unemployment rate is
Q120: A negative output gap implies an unemployment
Q121: The short-term fluctuations in economic activity are
Q122: The difference between the _ and _
Q123: If output and employment both rise over
Q124: Okun's law suggests that a _ increase
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