If the natural rate of unemployment is 6%,the current unemployment rate is 12%,and nominal GDP is $4,000 billion,then,according to Okun's law,the economy has sacrificed
A) $240 billion in potential output.
B) $480 billion in potential output.
C) $700 billion in potential output.
D) $840 billion in potential output.
E) $940 billion in potential output.
Correct Answer:
Verified
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