An index that measures overall economic performance by adding the unemployment rate and inflation rate, reflecting economic and social costs. Introduced by Arthur Okun in the 1960s and later expanded by Robert Barro.
An in-depth exploration of Okun's Law, which describes the relationship between unemployment and economic output, detailing its historical context, formulas, significance, applications, and more.
An overview of Okun's Law, an empirical relationship developed by economist Arthur Okun that describes the relationship between unemployment rates and the gross domestic product (GDP).
Explore Okun's Law, an economic principle that links employment changes to GDP fluctuations, developed by Arthur Okun in the 1960s. Learn about its definition, formula, historical context, and limitations within the world of economics.
