According to Okun's Law, When Cyclical Unemployment Increases from 1

question 19

Multiple Choice

According to Okun's law, when cyclical unemployment increases from 1 percent to 2 percent, the recessionary gap increases from ________.

• A)−2 percent to −4 percent
• B)−1 percent to −2 percent
• C)2 percent to 4 percent
• D)1 percent to 2 percent

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Definitions:

Local Variables

Variables that are declared inside a function or block and can only be accessed within that function or block.

Automatic

In programming, "automatic" refers to variables that are automatically allocated and deallocated by the compiler, typically stored on the stack.

Storage Class

Defines the scope, visibility, and lifetime of variables or functions within a C program.