One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?

Academy of PakistanTest & Learning

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Academy of PakistanTest & Learning

804Active Users

149EconomicsMedium

AConsumer price index

Bnone of the above

COkun’s Law

Dclassical theory

Correct answer

C. Okun’s Law

Explanation

The correct answer is Okun’s Law.

One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called? - Answer and Explanation | Academy of Pakistan