Multiple Choice
According to Okun's law,
A) when real GDP is below potential output, unemployment will be relatively low
B) when real GDP is below potential output, unemployment will be relatively high.
C) when the inflation rate is below the natural inflation rate, unemployment will be relatively low.
D) when the inflation rate is below the natural inflation rate, unemployment will be relatively high.
Correct Answer:
Verified
Correct Answer:
Verified
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