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Melly767 Melly767
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A year ago
Which of the following statements is TRUE according to Okun's Law?

▸ The unemployment rate is unaffected by changes in the growth rate of real GDP if there is stagflation.

▸ The unemployment rate tends to increase when the growth rate of real GDP is high.

▸ The unemployment rate tends to decrease when the growth rate of real GDP is high.

▸ The unemployment rate tends to increase when the rate of inflation is high.
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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mavrik8511mavrik8511
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A year ago
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Melly767 Author
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A year ago
Brilliant ツ
Gamiung3657
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Yesterday
Correct Slight Smile TY
Gorgio_De
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2 hours ago
Smart ... Thanks!
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