According to Okun's law,if output grew 1% and full-employment output rose 3%,what would be the change in the unemployment rate?
A) -2 percentage points
B) -1 percentage point
C) 1 percentage point
D) 2 percentage points
Correct Answer:
Verified
Q97: Marginally attached workers
A)are not looking for work
Q98: The type of unemployment for which the
Q99: Cyclical unemployment arises when
A)unskilled or low-skilled workers
Q100: What is the unemployment rate if there
Q101: State the growth rate form of Okun's
Q103: According to Okun's law,an increase in the
Q104: According to Okun's law,if output grew 7%
Q105: According to Okun's Law,if the natural rate
Q106: The relationship between output and employment is
Q107: Suppose the Okun's law coefficient is 2,the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents