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Author Question: The theory that the unemployment rate decreases about 1% for every 3% increase in real GDP is (Read 110 times)

Deast7027

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on: Apr 19, 2019

Question 1

If Okun's Law holds true, then a 3% increase in GDP would lead to a ________ percentage point decrease in the unemployment rate.


◦ 9
◦ 6
◦ 3
◦ 1

Question 2

The theory that the unemployment rate decreases about 1% for every 3% increase in real GDP is


◦ Ockham's razor.
◦ Say's law.
◦ Okun's law.
◦ the Laffer postulate.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Deast7027 on Apr 19, 2019

kishoreddi

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Reply #1 on: Apr 19, 2019
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Deast7027

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Reply #2 on: Apr 19, 2019
Excellent


kishoreddi

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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