Multiple Choice
Okun's law states that one extra percentage point in unemployment causes
A) a 2 percent fall in GDP
B) a 0.5 percent fall in GDP
C) a 2 percent fall in the rate of inflation
D) a 0.5 percent fall in the rate of inflation
E) a 2 percent increase in the sacrifice ratio
Correct Answer:
Verified
Correct Answer:
Verified
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