When the equilibrium real GDP is below potential GDP, how does the unemployment rate compare with the

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When the equilibrium real GDP is below potential GDP, how does the unemployment rate compare with the natural rate? What is the result of this state of affairs that restores the long-run equilibrium?

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Posted Date: Jul 27, 2021 04:25 PM

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When the equilibrium real GDP is below potential GDP, how does the unemployment rate compare with the

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Macroeconomics

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