According to Okun's law, when the output gap is positive, cyclical unemployment:
A) equals structural unemployment.
B) equals frictional unemployment.
C) equals zero.
D) is negative.
Correct Answer:
Verified
Q113: If real GDP is greater than potential
Q114: If actual GDP equals potential GDP, then:
A)the
Q115: The economy of Alpha operates according to
Q116: In Okunland, a country whose economy operates
Q117: The economy of Omega operates according to
Q119: In the long run, output gaps are
Q120: If the actual rate of unemployment equals
Q121: In the short run, total spending affects
Q122: In the short run, _ determines output,
Q123: In the long run, total spending only
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents