According to Okuns Law when cyclical unemployment changes from 4 to 2 the

# According to okuns law when cyclical unemployment

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84.According to Okun's Law, when cyclical unemployment changes from -4% to -2%, the output gap changes from _____ measured relative to potential output. A. -8% to -4%B. -4% to -2%C. 8% to 4%D. 4% to 2% Subscribe to view the full document.

85.According to Okun's Law, when cyclical unemployment changes from -6% to -4%, the output gap changes from _____ measured relative to potential output. 86.In Macroland potential output equals \$100 trillion and the natural rate of unemployment is 4 percent. If the actual unemployment rate is 6 percent, then the output gap equals: Subscribe to view the full document.

87.In Macroland potential output equals \$100 trillion and the natural rate of unemployment is 5 percent. If the actual unemployment rate is 8 percent, then the output gap equals: 88.In Macroland potential output equals \$100 trillion and the natural rate of unemployment is 5 percent. If the actual unemployment rate is 3 percent, then the output gap equals: A. -\$4 trillion.B. -\$2 trillion.C. -\$2 trillion.D. \$4 trillion. Subscribe to view the full document.

89.If the natural rate of unemployment is 4 percent, what is the actual rate of unemployment if output is 4 percent below potential? 90.If the natural rate of unemployment is 4 percent, what is the actual rate of unemployment if output is 6 percent above potential? Subscribe to view the full document.

91.If the natural rate of unemployment is 6 percent, what is the actual rate of unemployment if output is 4 percent below potential? 92.If the natural rate of unemployment is 6 percent, what is the actual rate of unemployment if output is 4 percent above potential? A. 4%B. 6%C. 8%D. 10% Subscribe to view the full document.

93.If the natural rate of unemployment is 8 percent, what is the actual rate of unemployment if output is 2 percent below potential? 94.If the natural rate of unemployment is 8 percent, what is the actual rate of unemployment if output is 2 percent above potential? Subscribe to view the full document.

95.If the actual rate of unemployment is 10%, what is the natural rate of unemployment if output is 4 percent below potential? 96.If the actual rate of unemployment is 4%, what is the natural rate of unemployment if output equals potential output? A. 0%B. 2%C. 3%D. 4% Subscribe to view the full document.

97.In Okunland, a country that operates according to Okun's law, real GDP equals \$7,520 billion, potential GDP equals \$8,000 billion and the actual unemployment rate is 8 percent. What is the natural rate of unemployment in Okunland?  Subscribe to view the full document. • Fall '14
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