Okun's Law

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August 24, 2024 4 min read Definitions
Okun's Law: Definition, Formula, History, and Limitations
Economics Macroeconomics Okun's Law GDP Employment Economic Indicators Arthur Okun
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.
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