Solution-Percent of potential output

Percent of potential output

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What do we call the generalization that any 1 % point rise in the unemployment rate about the full-employment unemployment rate is associated with a rise in the negative GDP gap by 2 percent of potential output (potential GDP)?

Reference no: EM131089465

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Percent of potential output : What do we call the generalization that any 1 % point rise in the unemployment rate about the full-employment unemployment rate is associated with a rise in the negative GDP gap by 2 percent of potential output (potential GDP)?

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Percent of potential output

Reference no: EM131089465

Reference no: EM131089465

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