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According to Okun's law, if output increased by 15 percent, unemployment should decrease by 3 percent.

SalaDinHo

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According to Okun's law, if output increased by 15 percent, unemployment should decrease by 3 percent.

Question 1.

Okun's law demonstrates the relationship between unemployment and inflation.

▸ true

▸ false

Question 2.

According to Okun's law, if output increased by 15 percent, unemployment should decrease by 3 percent.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 59 times

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yesimshay

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5 years ago

More solutions for this book are available here

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SalaDinHo Author

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5 years ago

Thank you for answering so quickly

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