Suppose one economist believes the target rate of unemployment is 4.5 percent while another believes it is

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Suppose one economist believes the target rate of unemployment is 4.5 percent while another believes it is 5.5 percent. Using Okun's rule of thumb, by how much would you expect their estimates of potential GDP to differ in a $ 10 trillion economy?

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 05:10 AM

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Suppose one economist believes the target rate of unemployment is 4.5 percent while another believes it is

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Macroeconomics

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