Multiple Choice
If the negative GDP gap were equal to 4% of the potential GDP, Okun's law suggests that the actual unemployment rate would exceed the natural rate of unemployment by:
A) One percentage point
B) Two percentage points
C) Three percentage points
D) Four percentage points
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: Anyone who is not employed is classified
Q100: What are the primary effects of cost-push
Q114: If the Consumer Price Index was 90
Q115: Inflation caused by a rise in the
Q116: Inflation rates in the U.S. from 2000
Q117: Possible reasons why the level of employment
Q118: Potential GDP is the output that would
Q120: Which of the following statistics can turn
Q121: The downward-stickiness of wages serves like a
Q122: If the inflation premium is 3% and