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

---

Definitions:

Crystallized Intelligence

Our accumulated knowledge and verbal skills; tends to increase with age.

Abstract Reasoning

The ability to analyze information, detect patterns and relationships, and solve problems on a complex, conceptual level.

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others.

Crystallized Intelligence

The ability to use learned knowledge and experience effectively.