Most economists believe that from 2000 to 2003, actual GDP in the United States grew slower than

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Most economists believe that from 2000 to 2003, actual GDP in the United States grew slower than potential GDP. What, then, should have happened to the unemployment rate over those three years? Then, from 2003 to 2006, actual GDP likely grew faster than potential GDP. What should have happened to the unemployment rate over those three years?

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Macroeconomics Principles And Policy

ISBN: 9780324586213

11th Edition

Authors: William J. Baumol, Alan S. Blinder

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