Multiple Choice
If the NAIRU was 4.8% in 2002 and the actual unemployment rate was 5.8%,what percentage of the labor force could have been put to work without exerting upward pressure on inflation?
A) 1%.
B) 10.6%.
C) 1.2%.
D) 5.3%.
Correct Answer:
Verified
Correct Answer:
Verified
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