According to Okun's Law,when Cyclical Unemployment Changes from - 3

question 57

Multiple Choice

According to Okun's law,when cyclical unemployment changes from - 3% to - 2%,the output gap changes from __________,measured relative to potential output.

• A) - 6% to - 4%
• B) - 3% to - 2%
• C) - 1% to 0%
• D) 3% to 2%
• E) 6% to 4%

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Definitions:

Sale of Goods Act

A set of laws regulating the sale of goods, including the rights of buyers and sellers, typically governing aspects such as quality and ownership.

Breach

The violation of a law, duty, or other form of agreement.

Victim

An individual or entity who suffers harm or loss as a result of a crime, accident, or other event.

Risk

The potential of losing something of value or the chance that an investment's actual return will differ from the expected return, encompassing a variety of types including financial and non-financial risks.