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Author Question: According to Okun's Law, if GDP increased by 12%, the unemployment rate would decrease by (Read 107 times)

Pineappleeh

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Question 1

Okun's Law states that the ________ decreases about 1 percentage point for every 3% increase in ________.


◦ inflation rate; the unemployment rate
◦ GDP; the inflation rate
◦ unemployment rate; GDP
◦ inflation rate; GDP

Question 2

According to Okun's Law, if GDP increased by 12%, the unemployment rate would decrease by


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


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Marked as best answer by Pineappleeh on Apr 19, 2019

zoeyesther

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Pineappleeh

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


bigsis44

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Reply 3 on: Yesterday
Gracias!

 

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