Which of the following best approximates Okun’s law? A) a 1 percent i
Which of the following best approximates Okun’s law?
A) a 1 percent increase in output leads to a 2 percent decrease in unemployment
B) a 1 percent increase in output leads to a 1 percent decrease in unemployment
C) a 2 percent increase in output leads to a 4 percent increase in unemployment
D) a 2 percent increase in output leads to a 1 percent decrease in unemployment
E) none of the above
ANSWER
D
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