Farsio, Farzad; Quade, Stacey - In: Humanomics 19 (2003) 3, pp. 1-6
Okun's law has been proven to be one of the most accepted theories in the macroeconomics field. It describes the relationship between gross domestic product (GDP) and unemployment. Arthur Okun's (1962) study was developed to help apply appropriate macroeconomic policy changes. Though the...