The statistical relationship between changes in real GDP and changes in the unemployment rate is called:单项选择题

A

the Phillips curve.

B

the Solow residual.

C

the Fisher effect.

D

Okun’s law.

登录即可查看完整答案

我们收录了全球超50000道真实原题与详细解析,现在登录,立即获得答案。

类似问题

The graph above shows the AD, LRAS, and SRAS functions for a country. The Fed is following an inflation targeting policy. Its target inflation rate is Π* = 5.00 percent and the potential GDP equals YP = 100,000. The Fed is quite successful in achieving its inflation target in the long run.  Okun's alpha equals 2. Currently the economy is in the state of long-run equilibrium. The Fed decides to reduce the inflation target to 1 percent.  This policy will cause the inflation rate in the short run to decrease to X percent and the cyclical unemployment in the short run to increase to Y percent. What are the values of X and Y?  

The graph above shows the AD, LRAS, and SRAS functions for a country.  The Fed is following an inflation targeting policy. Its target inflation rate is Π* = 5.00 percent and the potential GDP equals YP = 100,000. Their Fed is quite successful in achieving its inflation target in the long run.  Okun's alpha equals 2. Currently the economy is in the state of long-run equilibrium. Consider a temporary supply shock. Suppose that oil producing countries suddenly increase the price of oil (as in 1973). As a result, the short-run aggregate supply function shifts up by 4.00 percentage points (for example, 5% becomes 9%). In the short run, if the Fed tries to keep the inflation rate equal to the target, cyclical unemployment will equal X percent. What are the values of X?

Defining 𝑢  as the unemployment rate and 𝑢 ¯  as the natural rate of unemployment, we can write Okun’s law for the United States as the following equation:

Using Okun's law, if the natural rate of unemployment is 4% and the actual unemployment rate is 9%, the output gap is:[Fill in the blank]

更多留学生实用工具

加入我们，立即解锁 海量真题 与 独家解析，让复习快人一步！