1
answer
0
watching
130
views
bluemoose782Lv1
28 Sep 2019
Using Okun's Law, calculate the size of a stimulus.
Assume a marginal propensity to consume (MPC) = 30%
Natural Rate of Unemployment (NRU) = 5.7%
GDP = $100 Billion
Unemployment rate = 13.3%
Using Okun's Law, calculate the size of a stimulus.
Assume a marginal propensity to consume (MPC) = 30%
Natural Rate of Unemployment (NRU) = 5.7%
GDP = $100 Billion
Unemployment rate = 13.3%
Yusra AneesLv10
28 Sep 2019