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Other Fields Homework Help Economics Topic started by: iloveyofacexx3 on Apr 29, 2019



Title: According to Okun's Law, if GDP increased by 6%, the unemployment rate would decrease by
Post by: iloveyofacexx3 on Apr 29, 2019

Question 1.

As the economy starts to contract, labor productivity falls as firms hold excess labor.



▸ true

▸ false

Question 2.

According to Okun's Law, if GDP increased by 6%, the unemployment rate would decrease by



▸ 1 percentage point.

▸ 2 percentage points.

▸ 3 percentage points.

▸ 6 percentage points.


Title: According to Okun's Law, if GDP increased by 6%, the unemployment rate would decrease by
Post by: Gparker on Apr 29, 2019
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Title: According to Okun's Law, if GDP increased by 6%, the unemployment rate would decrease by
Post by: iloveyofacexx3 on Apr 29, 2019
I appreciate what you did here, answered it correctly :D