According to Okun's law, if output increased by 15 percent, unemployment should decrease by 3 percent.

Name: According to Okun's law, if output increased by 15 percent, unemployment should decrease by 3 percent.
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Okun's law suggests that for every 1% increase in the unemployment rate, a country's GDP will be roughly an additional 2% lower than its potential GDP. Therefore, the relationship between output increase and unemployment decrease does not directly translate to the percentages provided.

According to Okun's Law, If Output Increased by 15 Percent