3 years ago

Okun’s law suggests that:

Business

1 answer:

slega [8]3 years ago

8 0

Answer:

a. A 1% increase is a positive output gap decreases the unemployment rate by 0.5%

Explanation:

Okuns law looked at the relationship between unemployment and output empirically.

It states that that for every 1% increase in the unemployment rate, positive output gap falls by roughly 2%.

I hope my answer helps you.

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Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $5,130,000 (190,00

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