The Proposition Each Extra Percentage Point of Cyclical Unemployment Is

question 80

Multiple Choice

The proposition each extra percentage point of cyclical unemployment is associated with about a 2 percent widening of a negative output gap, measured in relation to potential output, is known as:

• A)the recessionary gap.
• B)the expansionary gap.
• C)the Fisher effect.
• D)Okun's law.

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