So They Lied To Me

Loading Flow

Downloading Image /

Okun's Law is used to compare the unemployment rate and the GDP gap.

"For every one percentage point by which the actual unemployment rate exceeds the natural rate, a negative GDP gap of about two percent occurs." - McConnel, Brue, and Flynn, page 532

Okun's Law

This allows us to find how unemployment will affect our GDP.

Downloading Image /

left

right

15 / 17

fullscreen

So They Lied To Me

By Sami Schmitt

Create your Flow