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Cuba Cuba
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8 years ago
Okun's law states that for every 1-percentage-point increase in the cyclical unemployment rate, real GDP growth
A) must increase by 1 percentage point for the economy to keep from experiencing a recession.
B) decreases by about 2 percentage points.
C) declines for 1 year.
D) increases by 1 percentage point.
Textbook 
Economic Analysis of Social Issues

Economic Analysis of Social Issues


Edition: 1st
Author:
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IloveChiIloveChi
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8 years ago
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Cuba Author
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#2
8 years ago
I have a major exam next week. Thank you for taking the time to answer. Problem solved.
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#3
8 years ago
Awesome Happy Dummy
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