If real gdp grows at a 3 percent rate over coming years how
If real GDP grows at a 3 percent rate over coming years, how long will it take to lower the unemployment rate by 1 percentage point (assuming that the growth in real potential GDP is 2 percent)? Show work.
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if real gdp grows at a 3 percent rate over coming years how long will it take to lower the unemployment rate by 1
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