You have the following relationship between unemployment and GDP: u = 7.6 - 0.75(Y - 1000). If Y is 995$, how much is the natural rate of unemployment? What your answer as a percentage, round at one (1) decimal, but do not write the percentage sign.

You have the following relationship between unemployment and GDP: u = 7.6 - 0.75(Y - 1000). If Y is 995$, how much is the natural rate of unemployment? What your answer as a percentage, round at one (1) decimal, but do not write the percentage sign.

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 4.9P

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