According to the Department of Finance,in 1994,Canada's output gap was - 5.5% of potential output.In the same year,the unemployment rate was 10.3%.Okun's law implies that,in 1994,Canada's natural rate of unemployment was approximately
A) 8.5%.
B) 5.7%.
C) 6.5%.
D) 7.5%.
E) 4.5%.
Correct Answer:
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