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02-08-2019
Social Studies

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1. Okun's law is the relationship between real GDP and the . a. negative; unemployment rate b. negative; inflation rate c. positive; unemployment rate d. positive; inflation rate

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yungsherman yungsherman

02-08-2019

Answer:

a. negative; unemployment rate

Explanation:

Okun's law pertains to the relationship between the U.S. economy's unemployment rate and its gross national product (GNP). It states that when unemployment falls by 1%, GNP rises by 3%. Therefore their relationship is negative.

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