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Author Question: According to Okun's Law, if the annual growth rate of real GDP is 2.5, the unemployment rate is ... (Read 80 times)

joesmith1212

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on: Jun 30, 2018
According to Okun's Law, if the annual growth rate of real GDP is 2.5, the unemployment rate is likely to ________.
 
  A) increase by 0.25 B) decrease by 1 C) increase by 2.5 D) decrease by 0.5

Question 2

At full employment the unemployment rate equals the
 
  A) cyclical unemployment rate.
  B) structural unemployment rate plus the frictional unemployment rate.
  C) structural unemployment rate plus the cyclical unemployment rate.
  D) structural unemployment rate.
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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qytan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


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