Although the relationship between output and the unemployment ...

[Caiter2013]

Question 1

If Okun's Law holds true, then a 9% increase in GDP would lead to a ________ percentage point decrease in the unemployment rate.

◦ 1
◦ 2
◦ 3
◦ 6

Question 2

Although the relationship between output and the unemployment rate is not as simple as Okun's Law represents it to be, it is 
true that

◦ a 1% increase in output tends to correspond to a greater than 1% decrease in the unemployment rate.
◦ a 1% increase in output tends to correspond to a less than 1% decrease in the unemployment rate.
◦ a 1% increase in output tends to correspond to a 1% decrease in the unemployment rate.
◦ a 1% increase in output will have no effect on the unemployment rate.

[chjcharjto14]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 25% of students answer this correctly

[Caiter2013]

Thanks for the timely response, appreciate it

[okolip]

YES! Correct, THANKS for helping me on my review