Multiple Choice
Assume that for the third quarter of 2012,actual real GDP was $176.1 billion and potential real GDP was $163.9 billion.According to Okun's law,the cyclical unemployment rate during the third quarter of 2012 was
A) -6.1%.
B) -3.7%.
C) 3.5%.
D) 6.1%.
Correct Answer:
Verified
Correct Answer:
Verified
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