EPISODE · Oct 19, 2009 · 1H 30M
Unemployment the Big Problem
from The Numbersman Show · host Numbersman
Okun's law states that for every 3% GDP falls relative to potential GDP, unemployment rises 1% (of the total workforce). When the economy operates at productive capacity, it will experience the natural rate of unemployment.[3]U= ^u-h[100(y/yn)-100] ( Wikipedia)
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Unemployment the Big Problem
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