Okuns Law.
What is it? Arthur Okun observed that a 1 percent decline in unemployment is correlated with a 3 percent increase in GNP. This principle was tracked carefully by President Fords Council of Economic Advisers during the recession of 1975.Added By: Luke
The Okuns Law. definition has been viewed 276 Time(s)!
Send To Friends!
If you'd like to send the Okuns Law. definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Okuns Law.. If you need any more information on this term, please don't hesitate to contact us.