According to Okun's Law, when cyclical unemployment increases from 2 to 4 percent, the recessionary gap increases from ___ percent. a) -4 to -8 b) -2 to -4 c) 0 to 2 d) 4 to 8
According to Okun's Law, when cyclical unemployment increases from 2 to 4 percent, the recessionary gap increases from ___ percent. a) -4 to -8 b) -2 to -4 c) 0 to 2 d) 4 to 8
Chapter9: Classical Macro Economics And The Self Regulating Economy
Section: Chapter Questions
Problem 2WNG
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According to Okun's Law, when cyclical
a) -4 to -8
b) -2 to -4
c) 0 to 2
d) 4 to 8
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