According to Okun's law, when the output gap is positive, cyclical unemployment:

A. equals frictional unemployment.
B. equals structural unemployment.
C. equals zero.
D. is negative.


Answer: D

Economics

You might also like to view...

Most doctors are employed by the government and most hospitals are owned by the government in

A) Canada. B) Japan. C) the United Kingdom. D) the United States.

Economics

A change in the public's desire to hold money will

A) shift the IS curve. B) change the slope of the IS curve. C) shift the LM curve. D) change the slope and position of the LM curve.

Economics

A tax levied on imported goods is called a(n) a. excise tax

b. quota. c. foreign profits tax. d. tariff.

Economics

First, explain what the PS relation represents. Second, explain why it has its particular shape

What will be an ideal response?

Economics