Suppose short-run output exceeds full potential output by 3
Suppose short-run output exceeds full potential output by 3 percent.
A. According to Okun's law, what is the effect on unemployment?
B. Assuming that inflationary expectations are constant, what is the effect on wages?
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suppose short-run output exceeds full potential output by 3 percenta according to okuns law what is the effect on
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