Which of the Following Is NOT a Reason Given by Economists

question 56

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:

Solutions

The values or sets of values that satisfy the conditions of an equation or inequality.

Infinite Solutions

A condition in which an equation or system of equations has an unlimited number of solutions.

Consistent

Refers to something that is unchanged throughout in terms of behavior or pattern.