The economy of Alpha operates according to Okun's law.In Alpha,potential GDP equals $500 billion,actual GDP equals $520 billion,and the actual rate of unemployment is 3%.What is the natural rate of unemployment in Alpha?
A) 1%.
B) 2%.
C) 3%.
D) 4%.
E) 5%.
Correct Answer:
Verified
Q124: In Okunland,a country that operates according to
Q125: The economy of Omega operates according to
Q126: If the actual rate of unemployment is
Q127: The economy of Alpha operates according to
Q128: In Macroland,a country that operates according to
Q130: In Macroland,a country that operates according to
Q131: The economy of Alpha operates according to
Q132: If the actual rate of unemployment is
Q133: The economy of Alpha operates according to
Q134: The economy of Omega operates according 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