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    Macroeconomics Study Set 68
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    Exam 9: Business Cycles, Unemployment, and Inflation
  5. Question
    If the Natural Rate of Unemployment Is 4
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If the Natural Rate of Unemployment Is 4

Question 171

Question 171

Multiple Choice

If the natural rate of unemployment is 4.5 percent and the actual unemployment rate is 6.5 percent, then Okun's law indicates that the GDP gap is


A) 2 percent.
B) 3 percent.
C) 4 percent.
D) 6 percent.

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