According to Okun's law, if output grew 1% and full-employment output rose 3%, what would be the change in the unemployment rate?

When it comes to pollution problems, the polluter and the victim can bargain to arrive at the outcome desired by the benevolent social planner

Indicate whether the statement is true or false

Rapid population increase in which of the following economies may threaten and deter economic growth the most?

a. highly industrialized countries b. an agriculture based economy c. developed economies d. a technology driven economy