How much does the economy have to grow potential output is, Ask an Expert

Economics

How much does the economy have to grow (potential output is, 3.5% and the unemployment rate is 7.3%) in 2014 to bring the unemployment rate down to 5%? How much does it have to grow each year to bring the unemployment rate down to 5% by 2017.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9471728

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