Multiple Choice
Refer to the accompanying data, which is for a speci?c year in a hypothetical economy for which Okun's law is applicable. If the unemployment rate in the economy fell to 6 percent, we could
Conclude that
A) only structural unemployment remained.
B) the economy's production possibilities curve shifted outward.
C) the economy had moved from a point inside its production possibilities curve to a point on or very near the curve.
D) nominal GDP would rise, but real GDP would fall.
Correct Answer:

Verified
Correct Answer:
Verified
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