If the natural rate of unemployment is 4 percent and the, Ask an Expert

Economics

If the natural rate of unemployment is 4 percent and the actual rate of unemployment is 5 percent, Okun's law states that the output gap is ________ and the economy is in a(n) ________.

A. –1 percent; recession

B. 2 percent; economic boom

C. –2 percent; recession

D. –0.5 percent; recession

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91671125

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