The proposition that each extra percentage point of cyclical unemployment is associated with about a two-percentage-point increase in the output gap,measured in relation to potential output,is known as
A) the recessionary gap.
B) the expansionary gap.
C) the Fisher effect.
D) Okun's law.
E) decreasing returns to capital.
Correct Answer:
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Q105: In Macroland,potential output equals $100 trillion and
Q106: If the natural rate of unemployment is
Q107: In Macroland,potential output equals $100 billion and
Q108: According to Okun's law,when cyclical unemployment changes
Q109: According to Okun's law,when cyclical unemployment increases
Q111: In Macroland,potential output equals $100 trillion and
Q112: If the natural rate of unemployment is
Q113: If the natural rate of unemployment is
Q114: In Macroland,potential output equals $100 trillion and
Q115: According to Okun's law,when cyclical unemployment increases
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