Okun's law

专有名词
中文释义

英文释义

专有名词
  1. An empirically observed relationship between unemployment and losses in a country's production. The "gap version" states that for every 1% increase in the unemployment rate, a country's GDP will be roughly an additional 2% lower than its potential GDP. The "difference version" describes the relationship between quarterly changes in unemployment and quarterly changes in real GDP.

词源

Named after Arthur Melvin Okun, who proposed the relationship in 1962.
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