L19 - Okun's Law | Flashcards

Flashcards by Sophia Lynch, created more than 1 year ago

ECON112

	Created by Sophia Lynch almost 4 years ago

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What is Okun's Law?

Okun's Law:
Formula for Output Gap relative to Y* (potential output)

Okun's Law:
Formula for Output Gap

Okun's Law:
Formula for Actual Output

What does Y, Y*, u & u* stand for?