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

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