According to Okun's Law, If GDP Increased by 12%, the Unemployment

question 29

Multiple Choice

According to Okun's Law, if GDP increased by 12%, the unemployment rate would decrease by

• A) 2 percentage point.
• B) 3 percentage points.
• C) 4 percentage points.
• D) 6 percentage points.

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Definitions:

Missing Premise

An implicit assumption or statement that is necessary for an argument's conclusion but is not explicitly stated.

Syllogism Form

A form of deductive reasoning where a conclusion is derived from two premises, typically structured in a three-line argument.

Enthymeme

A rhetorical argument that contains an implied premise or conclusion which is not expressly stated.

Missing Premise

An unstated assumption or belief that is required for an argument's conclusion to be logically valid but is not explicitly provided.