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Suppose an Economy's Natural Rate of Unemployment Is 5 Percent

Question 84

Multiple Choice

Suppose an economy's natural rate of unemployment is 5 percent. If the unemployment rate is 3 percent, according to Okun's law, Suppose an economy's natural rate of unemployment is 5 percent. If the unemployment rate is 3 percent, according to Okun's law, is ________ percent. A) 2 B) -4 C) 4 D) -2 E) Not enough information is given. is ________ percent.


A) 2
B) -4
C) 4
D) -2
E) Not enough information is given.

Correct Answer:

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