Answered: According to Okun's law, if a country's…

According to Okun's law, if a country's expansionary output gap grows by 1 percentage points, then its cyclical unemployment rate wiv (Click to select), by percentage points. decrease increase

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter14: Macroeconomic Policy: Tradeoffs, Expectations, Credibility, And Sources Of Business Cycles

Section: Chapter Questions

Problem 18E

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Instructions: Enter your answer as an absolute number.
According to Okun's law, if a country's expansionary output gap grows by 1 percentage points, then its cyclical
unemployment rate wi (Click to select)
by percentage points.
decrease
increase

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