Suppose an economy's natural rate of unemployment is 5 percent. If the unemployment rate is 7 percent, according to Okun's law, is ________ percent.
A) 4
B) -4
C) 2
D) -2
E) Not enough information is given.

Question

Suppose an economy's natural rate of unemployment is 5 percent. If the unemployment rate is 7 percent, according to Okun's law,  is ________ percent.
A) 4 
B) -4 
C) 2 
D) -2 
E) Not enough information is given.

Quizplus · Accepted Answer

The Answer of Suppose an economy's natural rate of unemployment is 5 percent. If the unemployment rate is 7 percent, according to Okun's law,  is ________ percent.
A) 4 
B) -4 
C) 2 
D) -2 
E) Not enough information is given.

Suppose an Economy's Natural Rate of Unemployment Is 5 Percent