The Idea That a 1% Increase in the Output Gap

question 139

Multiple Choice

The idea that a 1% increase in the output gap will decrease the unemployment rate by 0.5% is known as _____ law.

• A) Okun's
• B) Phillips's
• C) Greenspan's
• D) Keynes's

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Definitions:

Chemical Structures

These are the arrangements of atoms in a molecule and the chemical bonds that hold the atoms together.

Axon

is a long, slender projection of a nerve cell that conducts electrical impulses away from the neuron's cell body.

Neurotransmitters

Chemical messengers that transmit signals across the synaptic space from one neuron to another in the brain.

Neural Impulse

An electrical signal that travels along the axon of a neuron, transmitting information between neurons or from neurons to muscles.