glendaward936 glendaward936
  • 01-01-2018
  • Social Studies
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In the united states why is there a strong correlation between unemployment and gdp

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W0lf93
W0lf93 W0lf93
  • 12-01-2018
The relationship between unemployment rates and Gross Domestic Product in the US is described by Okun’s Law. In short, this law states that when the unemployment rate is higher than normal, economic output decreases, which then lowers GDP.
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