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Business, 01.07.2019 19:20 bluenblonderw

Okun's law states that a change in the output gap occurs with a change in the rate of unemployment that is smaller in magnitude and in the opposite direction. a change in the output gap occurs with a change in the rate of unemployment that is larger in magnitude and in the opposite direction. the government may temporarily suspends citizens' rights during periods of hyperinflation in an attempt to maintain security and stablity. inflation causes a decrease in the value of money held by the public. which is a prediction consistent with okun's law? an increase in real gdp of 4% leads to a decrease in the unemployment rate of 2%. an increase in real gdp of 4% leads to an increase in the unemployment rate of 6%. a decrease in gdp of 4% leads to an increase in the unemployment rate of precisely 4%. an increase in the price level leads to a decrease in the purchasing power of consumers.

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