Okun's Law refers to
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DSE 2011 Question 20: Inflation, unemployment and the Phillips curve
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Inflation, unemployment and the Phillips curve has come up 106 times in 7 exams since 2006.
What this question tests
This question is on Okun's law and the output gap, part of Inflation, unemployment and the Phillips curve in Macroeconomics.
The link between output growth and unemployment, and the gap between actual and potential output.
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Question from the DSE 2011 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.