Multiple Choice
Okun's Law states that the unemployment rate decreases about
A) 1 percentage point for every 1% increase in GDP.
B) 3 percentage points for every 1% increase in GDP.
C) 1 percentage point for every 3% increase in GDP.
D) 1 percentage point for every 2% increase in GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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