(a) Determine whether each of the following statements is True, False or Uncertain. Give a brief explanation for your choice.  1. When the economy goes into a recession, there's an increase in frictional unemployment.  ii. According to Okun's law, if full-employment output is $5,000 billion, then each percentage point of unemployment sustained for one year reduces output by $50 billion. llI. If the number of employed workers in a country decreases, the unemployment rate in the country will increase. lV. An increase in the duration of unemployment should be linked to a decrease in flows in and out of unemployment if one is to keep unemployment constant.

Microeconomics A Contemporary Intro
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Section1.A: Appendix: Understanding Graphs
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(a) Determine whether each of the following statements is True, False or Uncertain. Give a brief explanation for your choice. 

1. When the economy goes into a recession, there's an increase in frictional unemployment

ii. According to Okun's law, if full-employment output is $5,000 billion, then each percentage point of unemployment sustained for one year reduces output by $50 billion.

llI. If the number of employed workers in a country decreases, the unemployment rate in the country will increase.

lV. An increase in the duration of unemployment should be linked to a decrease in flows in and out of unemployment if one is to keep unemployment constant. 

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