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For Every 1 Percent That the Actual Unemployment Rate Exceeds

Question 154

Multiple Choice

For every 1 percent that the actual unemployment rate exceeds the natural rate, there is generated a 2 percent GDP gap.This is a statement of:

A) Stratford's law.
B) Okun's law.
C) the law of nominal incomes.
D) the rule of 70.

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