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Suppose the Unemployment Rate Is 8 Percent and the Natural

Question 154

Multiple Choice

Suppose the unemployment rate is 8 percent and the natural unemployment rate is 6 percent.If potential GDP is $8 trillion, using Okun's Law what does real GDP equal?


A) $7.68 trillion
B) $8.32 trillion
C) $7.84 trillion
D) $8.16 trillion
E) $8.00 trillion

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