1. The initial signal of a recession beginning is more likely to be that of an increase in labor productivity than a decrease in labor productivity.

Group of answer choices

True

False

2. Referring to the Rule of 70, if you are earning 7% interest per year on your investment, it will approximately take ____ years to double your investment.

Group of answer choices

A 10

B 5

C 20

D 15

3. According to Okun's Law,

Group of answer choices

A if the cyclical or natural rate of unemployment rate is 5% higher than it should be, then the GDP gap is 5% (meaning, GDP is 5% less than what it should be).

B if the cyclical or natural rate of unemployment rate is 5% higher than it should be, then the GDP gap is 10% (meaning, GDP is 10% less than what it should be)

C if the cyclical or natural rate of unemployment rate is 0%, then the GDP gap is 10% (meaning, GDP is 10% less than what it should be).

D None of the listed choices.