According to Okun's Law, When the Output Gap Is Negative

question 106

Multiple Choice

According to Okun's law, when the output gap is negative, cyclical unemployment:

• A)equals structural unemployment.
• B)equals frictional unemployment.
• C)is negative.
• D)is positive.

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Definitions:

Alcohol

A psychoactive substance and depressant that is found in beverages such as beer, wine, and spirits, affecting the central nervous system.

Psychological Dependence

a form of dependence characterized by a perceived need to use a substance or engage in a behavior to achieve emotional or psychological well-being.

Heroin

An opioid drug made from morphine, a natural substance taken from the seed pod of various opium poppy plants, highly addictive and illegal.

Narcolepsy

A lasting sleep disturbance featuring overwhelming sleepiness throughout the day and abrupt instances of sleeping.