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Title: An increase in output will cause the unemployment rate to fall by a larger percentage if Post by: Skizzle234 on Apr 29, 2019 Question 1. If Okun's Law holds true, then a 9% increase in GDP would lead to a ________ percentage point decrease in the unemployment rate. ▸ 1 ▸ 2 ▸ 3 ▸ 6 Question 2. An increase in output will cause the unemployment rate to fall by a larger percentage if ▸ firms are holding excess labor. ▸ firms aren't holding excess labor. ▸ firms have their workers work more overtime. ▸ firms hire workers who were already employed by other firms to work for them part-time. Title: An increase in output will cause the unemployment rate to fall by a larger percentage if Post by: cuddahy99 on Apr 29, 2019 Content hidden
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