If actual GDP equals potential GDP then A the actual unemployment rate is

If actual gdp equals potential gdp then a the actual

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102.If actual GDP equals potential GDP, then: A. the actual unemployment rate is greater than the natural rate of unemployment.B.the actual unemployment rate equals the natural rate of unemployment.C. the actual unemployment rate is less than the natural rate of unemployment.D. there is a recessionary gap. AACSB: Analytical Skills Blooms: Understanding Frank - Chapter 20 #102 Learning Objective: 20- 05 Use Okun’s law to analyze the relationship between the output gap and cyclical unemployment. Section: Output Gaps and Cyclical Unemployment
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103.If the actual rate of unemployment equals the natural rate of unemployment, then: AACSB: Analytical Skills Blooms: Understanding Frank - Chapter 20 #103 Learning Objective: 20- 05 Use Okun’s law to analyze the relationship between the output gap and cyclical unemployment. Section: Output Gaps and Cyclical Unemployment
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104.If real GDP is greater than potential GDP, then: AACSB: Analytical Skills Blooms: Understanding Frank - Chapter 20 #104 Learning Objective: 20- 05 Use Okun’s law to analyze the relationship between the output gap and cyclical unemployment. Section: Output Gaps and Cyclical Unemployment
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105.If real GDP is less than potential GDP, then: AACSB: Analytical Skills Blooms: Understanding Frank - Chapter 20 #105 Learning Objective: 20- 05 Use Okun’s law to analyze the relationship between the output gap and cyclical unemployment. Section: Output Gaps and Cyclical Unemployment
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106.The economy of Omega operates according to Okun's law. In Omega potential GDP and real GDP equal $7 trillion, and the natural rate of unemployment equals 6%. What is the actual rate of unemployment in Omega? A. 4% B. 5% C.6% D. 7% AACSB: Analytical Skills Blooms: Application Frank - Chapter 20 #106 Learning Objective: 20- 05 Use Okun’s law to analyze the relationship between the output gap and cyclical unemployment. Section: Output Gaps and Cyclical Unemployment
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