If the natural rate of unemployment is 5 percent, what is the total rate of unemployment if

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If the natural rate of unemployment is 5 percent, what is the total rate of unemployment if output is 2 percent below potential output? What if output is 2 percent above potential output?

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Principles of Economics

ISBN: 978-0073511405

5th edition

Authors: Robert Frank, Ben Bernanke

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Question Posted: Dec 12, 2015 04:38 AM

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If the natural rate of unemployment is 5 percent, what is the total rate of unemployment if

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By Okuns law if output is 2 below potential the cyc...View the full answer

Principles of Economics

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