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Author Question: In general, the relationship between output and unemployment (Read 49 times)

Melani1276

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Question 1

An increase in output will cause the unemployment rate to fall by a larger percentage if


◦ firms are holding excess labor.
◦ firms aren't holding excess labor.
◦ firms have their workers work more overtime.
◦ firms hire workers who were already employed by other firms to work for them part-time.

Question 2

In general, the relationship between output and unemployment


◦ has been quite stable over the long run.
◦ depends on the state of the economy at the time of the output change.
◦ has been completely unpredictable over time.
◦ is a simple one, as represented by Okun's Law.


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Marked as best answer by Melani1276 on Apr 19, 2019

meow1234

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Melani1276

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meow1234

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Great! Please up vote :D



 

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