In Okunland,a country that operates according to Okun's law,actual GDP equals $7,520 billion,potential GDP equals $8,000 billion and the natural unemployment rate is 5%.What is the actual rate of unemployment in Okunland?
A) 2%.
B) 3%.
C) 5%.
D) 7%.
E) 8%.
Correct Answer:
Verified
Q135: If the actual rate of unemployment is
Q136: If the actual rate of unemployment is
Q137: In Okunland,a country that operates according to
Q138: In Okunland,a country that operates according to
Q139: In Macroland,a country that operates according to
Q141: The estimates of Canada's output gap and
Q142: The economy of Omega operates according to
Q143: According to the IMF,in 1994,Canada's output gap
Q144: Over time,if customer demand continually exceeds potential
Q145: In 2009,the highest unemployment duration in Canada
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