Economics
JAMB 2023
Which of the following is the resultant effect of a fall in the profit margin of producers in an economy?
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A.
Unemployment will fall
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B.
Unemployment will remain constant
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C.
Unemployment will increase
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D.
Unemployment will fluctuate
Correct Answer: Option C
Explanation
In general, Okun's findings demonstrated that when unemployment falls, the production of a country will increase and vice versa.
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