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Author Question: According to Okun's Law, if GDP increased by 6%, the unemployment rate would decrease by (Read 160 times)

laurencescou

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Question 1

Okun's Law states that the unemployment rate decreases about


◦ 1 percentage point for every 1% increase in GDP.
◦ 3 percentage points for every 1% increase in GDP.
◦ 1 percentage point for every 3% increase in GDP.
◦ 1 percentage point for every 2% increase in GDP.

Question 2

According to Okun's Law, if GDP increased by 6%, the unemployment rate would decrease by


◦ 1 percentage point.
◦ 2 percentage points.
◦ 3 percentage points.
◦ 6 percentage points.


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Marked as best answer by laurencescou on Apr 19, 2019

lgoldst9

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