According to Okun's law, if real GDP grows at an average rate of 3 per cent, the unemployment rate remains unchanged.
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Q2: The new classical misperceptions theory, based on
Q3: The long run aggregate supply curve is
Q4: The combination of rising unemployment and rising
Q5: The short-run aggregate curve's shape is affected
Q6: A decrease in the price of imported
Q7: Investment spending averages about two-thirds of GDP,
Q8: For a given level of inflation, if
Q9: The position of the long-run aggregate-supply curve
Q10: An economy can produce more if it
Q11: The business cycle follows a regular and
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