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Business, 12.07.2019 21:40, OceanClaws
Suppose that the natural rate of unemployment in a particular year is 5 percent and the actual rate of unemployment is 9 percent. use okun's law to determine the size of the gdp gap in percentage-point terms. if the potential gdp is $500 billion in that year, how much output is being forgone because of cyclical unemployment?
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