Which of the Following Is NOT a Reason Given by Economists

question 69

Multiple Choice

Which of the following is NOT a reason given by economists for the failure of Okun's law to account for the rise in unemployment during the recession of 2007-2009?

• A) increased willingness among firms to lay off workers during recessions
• B) a surge in productivity during the recession
• C) the unusual severity of the recession
• D) It does not take into account the effect of the stimulus.

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Definitions:

Non-professionals

refers to individuals who are not formally trained or certified in a particular professional field.

General Adaptation Syndrome

A theoretical model created by Hans Selye that describes the body's short-term and long-term reactions to stress, consisting of three stages: alarm, resistance, and exhaustion.

Physiological-based Solution

An approach to solving problems that relies on understanding and modifying the body's natural processes.

Alarm Reaction

The initial phase in the body’s response to stress, activating various physiological changes for fight or flight.