According to ________, when real GDP is ________ percentage points greater than potential GDP, the unemployment rate is one percentage point ________ the natural unemployment rate
A) Okun's Law; four; below
B) Keynes' Law; two; below
C) Phillip's Law; four; above
D) Say's Law; two; above
E) Okun's Law; two; below
E
Economics
You might also like to view...
What determines how a change in prices will affect total revenue for a company?
a) elasticity of demand b) the company's pricing policy c) values of elasticity d) the consumers' income
Economics
The current account records foreign investment in the United States minus U.S. investment abroad
Indicate whether the statement is true or false
Economics