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Suppose the Real GDP growth slows to .5% for three consecutive quarters. According to Okun's law, what will happen to the unemployment rate (rise, fall,
Suppose the Real GDP growth slows to .5% for three consecutive quarters. According to Okun's law, what will happen to the unemployment rate (rise, fall, remain unchanged)? Explain in two sentences?
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Economics Today
Authors: Roger LeRoy Miller
16th edition
132554615, 978-0132554619
