Economics · Macroeconomics
The negative empirical relationship between the gap of actual GDP from its trend value and the difference between the actual unemployment rate and its equilibrium value is known as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The aggregate supply curve
- 2The Phillips curve
- 3The natural rate of unemployment hypothesis
- 4Okun's Law✓
Correct answer
Okun's Law
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