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Skizzle234 Skizzle234
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5 years ago

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.
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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cuddahy99cuddahy99
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5 years ago
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Skizzle234 Author
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5 years ago
Thanks for your help!!
avance37
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Yesterday
This site is awesome
Kstan109
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2 hours ago
Good timing, thanks!
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