A columnist in the new york times writes so according to, Ask an Expert

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A columnist in the New York Times writes: "So, according to Okun's Law, the unemployment rate should have gone from 7.4 percent at the start of [2009] to 9 percent a year later. Instead it was 10 percent in December [2009], and not much lower in January [2010]."

a. What is Okun's law?

b. What explains the data the columnist is quoting?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92057328

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