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Author Question: According to Okun's Law, for each 1 percentage point that the unemployment rate is above the natural ... (Read 60 times)

SGallaher96

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on: Jun 29, 2018
According to Okun's Law, for each 1 percentage point that the unemployment rate is above the natural unemployment rate, then
 
  A) the inflation rate is greater than the expected inflation rate by 2 percentage points.
  B) real GDP is above potential GDP by 2 percent.
  C) real GDP is below potential GDP by 2 percent.
  D) the real interest rate is below the natural real interest rate by 1 percentage point.
  E) the inflation rate is less than the expected inflation rate by 1 percentage point.

Question 2

The figure above shows the loanable funds market. The equilibrium real interest rate is ________ percent, and the equilibrium quantity of loanable funds is ________.
 
  A) 4; 1.4 trillion
  B) 6; 1.6 trillion
  C) 4; 1.8 trillion
  D) 8; 1.8 trillion
  E) 8; 1.4 trillion


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Joc

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


SGallaher96

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

Kedrick2014

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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