alissiabenner5167 alissiabenner5167
  • 03-01-2020
  • Social Studies
contestada

Okun’s Law estimates that for every 1 percent increase in unemployment above the natural rate, a GDP gap of ______ percent occurs.
a) one
b) two
c) three
d) four

Respuesta :

DeniceSandidge DeniceSandidge
  • 06-01-2020

Answer:

correct option is b) two

Explanation:

solution

Arthur Okun was born in 1928 and died in 1980

he was professor and economist

Okun's Law is refer to relation between increases in unemployment and decreases in GDP gross domestic product

it state when every 1 % increase increase unemployment above "natural rate " then GDP gross domestic product decrease 2 %

so here correct option is b) two

 

Answer Link

Otras preguntas

What constitutional principle did the supreme court establish in the McCulloch case
2x-y=-63x-4y=-4Solve using elimination and then substitution
A 75 force is applied to the side of a crate resting on a level floor. The crate has a mass of 25kg. If the coefficient of static friction is .15, is the 75 N f
On a TI-84, how do you stop it from giving you simply a number for an answer when you put in a polynomial divided by another polynomial?
How do I write an equation in slope intercept form from; Slope 3, y-intercept at -4
what are two determining factors in how organisms are classified into kingdoms
What is this answer?10y=360°
What is an adjective phrase?
The cost for n students to attend a workshop is 7n+12 dollars. What is the cost,in dollars for  students to attend?
Which words in this sentence are common nouns? Aztec crops, such as corn and beans, were unknown in Europe. Choose all answers that are correct. A. Aztec B. c