The version of okun's law studied in chapter 9 assumes that, with no change in unemployment, real gdp normally grows by 3 percent over a year. if the unemployment rate rose by 2 percentage points over a year, okun's law predicts that real gdp would: a. decrease by 1 percent. b. decrease by 2 percent. c. decrease by 3 percent. d. increase by 1 percent.

Abusiness cycle reflects in economic activity, particularly real gdp. the stages of a business cycle

Nellie lumpkin, who suffered from dementia, was admitted to the picayune convalescent center, a nursing home. because of her mental condition, her daughter, beverly mcdaniel, signed the admissions agreement. it included a clause requiring the par- ties to submit any dispute to arbitration. after lumpkin left the center two years later, she filed a suit against picayune to recover damages for mistreatment and malpractice. [covenant health & rehabilitation of picayune, lp v. lumpkin, 23 so.2d 1092 (miss. app. 2009)] (see page 91.) 1. is it ethical for this dispute—involving negligent medical care, not a breach of a commercial contract—to be forced into arbitration? why or why not? discuss whether medical facilities should be able to impose arbitration when there is generally no bargaining over such terms.

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. question 1 options: true false