Multiple Choice
Assume that for the second quarter of 2012,actual real GDP was $125.5 billion and potential real GDP was $142.7 billion.According to Okun's law,the cyclical unemployment rate during the second quarter of 2012 was
A) 5.7%.
B) 6.0%.
C) 6.9%.
D) 7.4%.
Correct Answer:
Verified
Correct Answer:
Verified
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