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According to "Okun's Law," If Expansionary Monetary Policy Were to Increase

Question 114

Multiple Choice

According to "Okun's Law," if expansionary monetary policy were to increase Y/Y(N) by 3 percent,we could expect the unemployment rate to decrease by ________ percentage points.


A) 0.4
B) 1.0
C) 1.5
D) 1.6

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