Okun’s Law
states that a one-percent decrease in unemployment is associated with three
percentage points of additional growth in real GDP

Question

Accepted Answer

a one-percent decrease in unemployment is associated with three percentage points of additional growth in real GDP 
 
 when
the unemployment rate equals the natural rate

Answer

a one-percent increase in unemployment is associated with three percentage points of additional growth in real GDP

Answer

a three-percent decrease in unemployment is associated with one percentage points of additional growth in real GDP 
 
 when the unemployment rate equals the natural rate

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Okun’s Law states that a one-percent decrease in unemployment is associated wit...

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