Multiple Choice
Okun's law:
A) measures the tradeoff between the rate of inflation and the rate of unemployment.
B) indicates the number of years it will take for a constant rate of inflation to cause the price level to double.
C) quantifies the relationship between nominal and real incomes.
D) shows the relationship between the unemployment rate and the size of the GDP gap.
Correct Answer:
Verified
Correct Answer:
Verified
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