If the unemployment rate is currently around 9.5 percent, how many years of growth in real GDP

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If the unemployment rate is currently around 9.5 percent, how many years of growth in real GDP of 4.5 percent per year would be required to restore the unemployment rate to the natural rate (NAIRU) and actual output to potential?

(Assume that growth in potential output is 2.5 percent per year and the NAIRU is 5.5 percent.)

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Financial Markets Banking And Monetary Policy

ISBN: 9781118872239

1st Edition

Authors: Thomas D. Simpson

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Question Posted: Feb 02, 2024 09:47 AM

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If the unemployment rate is currently around 9.5 percent, how many years of growth in real GDP

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Financial Markets Banking And Monetary Policy

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