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Elden [556K]
4 years ago
14

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
Social Studies
1 answer:
Tamiku [17]4 years ago
3 0

Answer:

a. negative; unemployment rate

Explanation:

Okun's law pertains to the relationship between the U.S. economy's <u>unemployment rate</u> 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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