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What is Okun's law related to in macroeconomics?
  • a)
    Inflation and unemployment
  • b)
    Investment and consumption
  • c)
    Money supply and government expenditure
  • d)
    Exports and imports
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is Okun's law related to in macroeconomics?a)Inflation and unempl...
Okun's law relates real growth and changes in the unemployment rate. It suggests that when real GDP growth is above a certain level, the unemployment rate decreases.
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What is Okun's law related to in macroeconomics?a)Inflation and unemploymentb)Investment and consumptionc)Money supply and government expenditured)Exports and importsCorrect answer is option 'A'. Can you explain this answer?
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