Chart: One-year difference between growth in actual and potential GDP and one-year change in unemployment rate, 1950–2011

Figure A

One-year difference between growth in actual and potential GDP and one-year change in unemployment rate, 1950–2011

Sources: Author's analysis of Bureau of Labor Statistics (BLS 2011); Bureau of Economic Analysis (2011), Table 1.1.5; and Congressional Budget Office (2011)

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Macroeconomic effects of regulatory changes in economies with large output gaps: The ‘toxics rule’ as an example

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