The percentage of total output allocated to the production of new plants, equipment, and structures is the

Countercyclical policy:

What will be an ideal response?

Which of the following statements is likely to be true according to Okun's Law?

A) The unemployment rate remains constant when the growth rate of real GDP is 0%. B) The unemployment rate remains constant when the growth rate of real GDP is 3%. C) The unemployment rate increases when the growth rate of real GDP is above 3%. D) The unemployment rate declines when the growth rate of real GDP is below 3%.