Which of the Following Is True in Regards to Okun's

question 52

Multiple Choice

Which of the following is true in regards to Okun's law?

• A)employment does not increase commensurately with output rises because firms tend to hoard labor
• B)when demand increases,firms tend to work their employees harder and longer
• C)it is Okun's prediction of the negative relationship between the output and unemployment gaps that allows the modern Phillips curve to be translated into the AS curve
• D)all of the above
• E)none of the above

---

Definitions:

Black Americans

A term referring to the African American population or individuals of Black African descent living in the United States.

Causal Attributions

The method through which people deduce the reasons behind their own and others' actions.

Distinctiveness

The quality or state of being noticeably different or unique compared to others.

Consensus

A general agreement among a group of people or in the scholarly literature on a particular issue or topic.