If the cyclical unemployment rate is 1.31% and the economy is producing at 92% of potential output, how sensitive is the unemployment rate to short-run changes in GDP? Write your answer as a fraction and don't forget the minus sign. Round your answer at two (2) decimals.

If the cyclical unemployment rate is 1.31% and the economy is producing at 92% of potential output, how sensitive is the unemployment rate to short-run changes in GDP? Write your answer as a fraction and don't forget the minus sign. Round your answer at two (2) decimals.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If the cyclical unemployment rate is 1.31% and the economy is producing at 92% of potential
output, how sensitive is the unemployment rate to short-run changes in GDP?
Write your answer as a fraction and don't forget the minus sign. Round your answer at two (2)
decimals.

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