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NYC NYC
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8 years ago
Although the relationship between output and the unemployment rate is not as simple as Okun's Law represents it to be, it is true that a 1% ________ tends to correspond to a less than 1% ________.
A) increase in unemployment; increase in output
B) increase in output; decrease in the unemployment rate
C) increase in output; increase in the unemployment rate
D) increase in unemployment;decrease in output
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Thanks for answering Slight Smile
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