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Author Question: Okun's Law has (Read 42 times)

TFauchery

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on: Apr 19, 2019

Okun's Law has


◦ been proven to be completely incorrect—there isn't a negative relationship between GDP and the unemployment rate.
◦ proven to be correct over time in that as GDP increases by 3%, there has been a 1 percentage point decline in unemployment.
◦ not turned out to be a law—the relationship between changes in GDP and the unemployment rate is more complex than Okun's Law indicates.
◦ been proven false, because there is a positive relationship between changes in GDP and the unemployment rate.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by TFauchery on Apr 19, 2019

mrphibs

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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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TFauchery

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Reply #2 on: Apr 19, 2019
TY


mrphibs

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Reply #3 on: Apr 19, 2019
You're welcome


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