Okun's Law states that
A) there is a relationship between the unemployment rate, real GDP, and potential GDP.
B) supply creates its own demand.
C) as the unemployment rate rises, the inflation rate falls.
D) a higher inflation rate leads to a higher nominal interest rate.
E) as the real wage rate falls, the quantity of labor demanded increases.
A
You might also like to view...
Assume that excess reserves are $10 million, the required reserve ratio is 10 percent, and total reserves are $145 million. Demand deposits are
A) $135 million. B) $1.35 billion. C) $1.35 million. D) $1.45 billion.
Buying electricity off the freewheeling grid at one quarter 'til the hour for delivery on the hour illustrates:
a. relational contracts with distributors b. vertical requirements contracts c. spot market transactions d. variable price agreements
If a purchase contract allows a buyer to accept less than a specified maximum "take" each month, buying a _____ would allow the seller to resell the excess at a _____ price
a. put option; profitable b. put option; predictable c. call option; predictable d. call option; profitable
As technology advancements have led to more white collar jobs,
A) the labor force participation rate for women has increased over the last 50 years.
B) the labor force participation rate for women has decreased since 1960.
C) the labor force participation rate for men and women have increased.
D) a higher percentage of men of working age have entered the labor force.
E) the unemployment rate has steadily fallen.