Categorized In: Law , Literature
Source: ECONOMY PROFESSOR | Okun's Law | www.economyprofessor.com
Description: Okun's law states that the elasticity of the ratio of actual to potential output, with regard to a change in the employment rate, is a constant of roughly three.
4 days ago, 08:10am
Okun's Law is a relationship between an economy's GDP gap and the actual unemployment rate.ChaCha!
Okun's Law is a relationship between an economy's GDP gap and the actual unemployment rate.
