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Macro & Economy

Okun's Law

Also called: okun-s-law

The rough rule that when output grows faster than usual, unemployment falls — and vice versa. It links the GDP and jobs numbers, giving a back-of-envelope read on the labour market.

Where this is taught

Definitions are the trailer. These free levels turn Okun's Law into something you play — one bite-size lesson, with worked examples, a quiz and XP.

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