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  3. Study Set
    Macroeconomics
  4. Exam
    Exam 5: Output, Business Cycles, Growth Employment
  5. Question
    According to Okun's Law, If Growth in Actual GDP Exceeds
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According to Okun's Law, If Growth in Actual GDP Exceeds

Question 3

Question 3

Multiple Choice

According to Okun's law, if growth in actual GDP exceeds growth in potential GDP:


A) unemployment rates will increase
B) employment will fall
C) the natural unemployment rate will increase
D) the unemployment rate will fall

Correct Answer:

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