reetajmahfouz2983 reetajmahfouz2983

16-07-2024
Business

Answered

If the natural rate of unemployment was 6 percent, the current unemployment rate was 12 percent, and the potential gdp was $4,000 billion, then according to okun's law the economy would have sacrificed:

a. $240 billion in output not produced.
b. $600 billion in output not produced
c. $480 billion in output not produced.
d. $320 billion in output not produced.

Answer :

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