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If the Natural Rate of Unemployment Was 6 Percent, the Current

Question 82

Multiple Choice

If the natural rate of unemployment was 6 percent, the current unemployment rate was 10 percent, and the potential GDP was $4,000 billion, then according to Okun's law the economy would have
Sacrificed


A) $160 billion in output not produced.
B) $240 billion in output not produced.
C) $320 billion in output not produced.
D) $480 billion in output not produced.

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