"Okun's Law" is the close relationship observed between a period's ________ unemployment rate and ________.
A)actual unemployment rate,(Y/YN)
B)actual unemployment rate,YN
C)inflation rate,(Y/YN)
D)inflation rate,Y

Question

Quizplus · Accepted Answer

Okun's Law describes the relationship between the actual unemployment rate and the ratio of actual output (Y) to potential output (YN), indicating how changes in unemployment can reflect changes in this ratio.

"Okun's Law" Is the Close Relationship Observed Between a Period's