Register
1. Okun's law is the ______ relationship between real GDP and the ______. a. negative; unemployment rate b. negative; inflation rate c. positive; unemployment rate d. positive; inflation rate
111k views
4 votes
1. Okun's law is the ______ relationship between real GDP and the ______. a. negative; unemployment rate b. negative; inflation rate c. positive; unemployment rate d. positive; inflation rate

User Bas Wijnen
by
4.5k points

1 Answer

1 vote

Answer:

a. negative; unemployment rate

Step-by-step explanation:

Okun's law pertains to the relationship between the U.S. economy's unemployment rate and its gross national product (GNP). It states that when unemployment falls by 1%, GNP rises by 3%. Therefore their relationship is negative.

User Maher Fattouh
by
4.8k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

The appellate court system in Georgia was established by what? A. state statute B. U.S. Statute C. Constitutional amendment D. the supreme court​
Need immediate answer! Giving 5 stars and thanks if you're correct. Checking after test! "It's important to judge others by their merits, rather than their appearance." Which passage from the strangers
People who take a "marble cake" view of federalism believe thatstate governments are too weak to meet most citizen needsstate governments are supreme over the national governmentnational and state governments
___________________ provides a method of paying for loss or damage if you are involved in a collision. Restitution Insurance The DMV Your car company
The president of the U.S lives and works in which building?
Link Copied!