Okun's Law states that the percentage change in real GDP is proportional to
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1 mark, −0.25MacroeconomicsInflation, unemployment and the Phillips curveOkun's law and the output gapEasyabout 1 min
JNU SSS 2018 Question 1: 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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