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Author Question: Okun's Law states that for each percentage point that the unemployment rate is above its natural ... (Read 96 times)

lracut11

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on: Jun 29, 2018
Okun's Law states that for each percentage point that the unemployment rate is above its natural rate, there is a ________ percent gap between real GDP and potential GDP.
 
  A) 4 B) random C) 2 D) 6 E) 8

Question 2

The figure above shows the loanable funds market. At an interest rate of
 
  A) 4 percent, the quantity supplied of loanable funds equals 18 trillion.
  B) 8 percent, the quantity demanded of loanable funds exceeds the quantity supplied.
  C) 6 percent, the quantity demanded of loanable funds equals 14 trillion.
  D) 8 percent, there is a surplus of loanable funds.
  E) 4 percent, there is a surplus of loanable funds.


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Moriaki

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

C

Answer to Question 2

D


lracut11

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


Moriaki

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


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