If the Natural Rate of Unemployment Is 6 Percent and the Actual

question 101

Multiple Choice

If the natural rate of unemployment is 6 percent and the actual unemployment rate is 9 percent, then Okun's law indicates that the GDP gap is:

• A)2 percent.
• B)3 percent.
• C)4 percent.
• D)6 percent.

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Definitions:

Favorite Television Program

A TV show that is particularly liked or preferred above others by an individual.

Lonely

A feeling of sadness or isolation due to a lack of friends, companionship, or social interaction.

Rejected

Describes a situation or outcome where an offer, proposal, or individual is not accepted or deemed unsuitable.

Negative Feelings

Emotions that are unpleasant or undesirable, such as sadness, anger, or fear.