This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose the unemployment rate is 8 percent and the natural unemployment rate is 6 percent. If ... (Read 72 times)

joblessjake

  • Hero Member
  • *****
  • Posts: 555
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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pikon

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


joblessjake

  • Hero Member
  • *****
  • Posts: 555
Reply #2 on: Jun 29, 2018
Thank you :)


pikon

  • Sr. Member
  • ****
  • Posts: 361
Reply #3 on: Jun 29, 2018
Happy to help you


« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Acceptable ranges of respiratory rate Acceptable ranges of respiratory rate
Unemployment and Federal Action, 1929–1941 Unemployment and Federal Action, 1929–1941
Maximal Heart Rate Over Time Maximal Heart Rate Over Time
A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs A bus starts from restat a station and accelerates at a rate of 2 m/s^2 for 15 seconds. It then runs
Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ... Determine the mass percent of Fe3+ in a 0.546g sample of iron ore, if 22.40 mL of a 0.1000 M ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Normal and abnormal blood pH

For a complete list of videos, visit our video library