Multiple Choice
According to Okun's law, each extra percentage point of ________ unemployment is associated with a ________ widening of a negative output gap, measured in relation to potential output.
A) frictional; 2 percent
B) frictional; 0.5 percent
C) cyclical; 2 percent
D) cyclical; 0.5 percent
Correct Answer:
Verified
Correct Answer:
Verified
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