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iloveyofacexx3 iloveyofacexx3
wrote...
Posts: 467
4 years ago

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.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 61 times
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Answer verified by a subject expert
GparkerGparker
wrote...
Posts: 383
4 years ago
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wrote...
4 years ago
I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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