Okun's Law is defined as: Change in the unemployment rate = - x(g-2%) If the unemployment rate is 3.6% and real GDP grows by 0.5%, the new unemployment rate is%. (Round your response to one decimal place.) Enter your answer in the answer box and then click Check Answer.

Okun's Law is defined as: Change in the unemployment rate = - x(g-2%) If the unemployment rate is 3.6% and real GDP grows by 0.5%, the new unemployment rate is%. (Round your response to one decimal place.) Enter your answer in the answer box and then click Check Answer.

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter12: Business Cycles And Unemployment

Section: Chapter Questions

Problem 9SQP

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Question

Okun's Law is defined as:
Change in the unemployment rate = -
x(g-2%)
If the unemployment rate is 3.6% and real GDP grows by 0.5%, the new unemployment rate is %. (Round your response to one decimal place.)
Enter your answer in the answer box and then click Check Answer.

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