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Author Question: Suppose the unemployment rate is 8 percent and the natural unemployment rate is 6 percent. If ... (Read 167 times)

joblessjake

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on: Jun 29, 2018
Suppose the unemployment rate is 8 percent and the natural unemployment rate is 6 percent. If potential GDP is 8 trillion, using Okun's Law what does real GDP equal?
 
  A) 8.32 trillion B) 8.00 trillion C) 8.16 trillion D) 7.68 trillion E) 7.84 trillion

Question 2

The Federal Reserve monetary policy goals of maximum employment means
 
  A) aiming for an amount of employment that exceeds full employment.
  B) cyclical unemployment should not necessarily be minimized.
  C) keeping the unemployment rate close to the natural unemployment rate.
  D) a zero percent natural unemployment rate.
  E) a zero percent unemployment rate.


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pikon

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

D

Answer to Question 2

C


joblessjake

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Reply #2 on: Jun 29, 2018
Thank you :)


pikon

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Reply #3 on: Jun 29, 2018
Happy to help you


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