Multiple Choice
Which of the following is NOT a reason given by economists for the failure of Okun's law to account for the rise in unemployment during the recession of 2007-2009?
A) increased willingness among firms to lay off workers during recessions
B) a surge in productivity during the recession
C) the unusual severity of the recession
D) It does not take into account the effect of the stimulus.
Correct Answer:
Verified
Correct Answer:
Verified
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