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An increase in output will cause the unemployment rate to fall by a larger percentage if

Skizzle234

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An increase in output will cause the unemployment rate to fall by a larger percentage if

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

Edition: 12^th

Authors: Case, Fair, Oster

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cuddahy99

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More solutions for this book are available here

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Skizzle234 Author

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Thanks for your help!!

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this is exactly what I needed

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