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Melly767 Melly767
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A week 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


Edition: 3rd
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mavrik8511mavrik8511
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A week ago
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More solutions for this book are available here
The unemployment rate tends to decrease when the growth rate of real GDP is high.

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Melly767 Author
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A week ago
Helped a lot
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Yesterday
Good timing, thanks!
dri
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2 hours ago
Thanks
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