Okun's Law says that the difference between the unemployment rate and the natural unemployment rate determines
A) the gap between the inflation rate and the unemployment rate.
B) real GDP.
C) the real interest rate.
D) the gap between potential GDP and real GDP.
E) potential GDP.
Correct Answer:
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Q23: If the expected inflation rate rises, then
Q24: The natural rate hypothesis concludes that the
Q25: Along the long-run Phillips curve the unemployment
Q26: Comparing the AS-AD model and the Phillips
Q27: Moving along the short-run Phillips curve, if--------------------increases
Q29: If real GDP exceeds potential GDP, then
Q30: The natural rate hypothesis concludes that when
Q31: The short-run Phillips curve is --------------------curve along
Q32: According to -------------------- , when real GDP
Q33: If the Fed tries to lower the
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