During the second semester of 2009 and the first semester, Ask an Expert

Economics

During the second semester of 2009 and the first semester of 2010 the GDP growth rate became positive. However, percentage changes in the GDP growth rate were not matched by half percentage point decreases in the unemployment rate during that period. Would this suggest that Okun’s law is no longer valid?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91298202

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