Question:
If the difference between actual GDP and the trend output varies inversely with the difference between actual unemployment rate and the natural rate of unemployment, then such a relationship is called the
If the difference between actual GDP and the trend output varies inversely with the difference between actual unemployment rate and the natural rate of unemployment, then such a relationship is called the
Updated On: Jul 18, 2024
- Okun's law
- New Keynesian aggregate supply curve
- Taylor Rule
- New Keynesian Phillips curve
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The Correct Option is A
Solution and Explanation
The correct option is (A) : Okun's law.
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