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    Macroeconomics Study Set 10
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    Exam 12: Unemployment and Inflation
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    According to Okun's Law,if Full-Employment Output Is $5000 Billion,then Each
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According to Okun's Law,if Full-Employment Output Is $5000 Billion,then Each

Question 14

Question 14

Multiple Choice

According to Okun's law,if full-employment output is $5000 billion,then each percentage point of unemployment sustained for one year reduces output by


A) $50 billion.
B) $100 billion.
C) $150 billion.
D) $200 billion.

Correct Answer:

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