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Author Question: Although the relationship between output and the unemployment rate is not as simple as Okun's Law ... (Read 41 times)

Caiter2013

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on: Apr 19, 2019

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.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by Caiter2013 on Apr 19, 2019

chjcharjto14

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Reply #1 on: Apr 19, 2019
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.
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Caiter2013

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
Wow, this really help

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