Suppose that the unemployment rate is 65 and current-dollar


Suppose that the unemployment rate is 6.5% and current-dollar GDP is $1,45 billion. Using Okun’s Law, what would be the potential GDP number corresponding to a natural unemployment rate of 5.5%? What would be the dollar value of the recessionary gap

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Macroeconomics: Suppose that the unemployment rate is 65 and current-dollar
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