Okun’s Law estimates that for every 1 percent increase in unemployment above the natural rate, a GDP gap of ______ percent occurs. a) one b) two c) three d) four

1 answer
Question:

Okun’s Law estimates that for every 1 percent increase in unemployment above the natural rate, a GDP gap of ______ percent occurs.
a) one
b) two
c) three
d) four

Answers

Answer:correct option is b) twoExplanation:solutionArthur Okun was born in 1928 and died in 1980 he was professor and economistOkun's Law is refer to relation between increases in unemployment and decreases in GDP gross domestic productit state when every 1 % increase increase unemployment above "natural rate " then GDP gross domestic product decrease 2 % so here correct option is b) two  

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