O|kun's law

O|kun's law «OH kuhnz»,
U.S. Economics. a formula that shows the correlation between the rate of unemployment and the gross national product. Okun's law indicates how much unemployment will rise for every $1-billion decline in the gross national product.
[< Arthur M. Okun, 1928-1980, an American economist]

Useful english dictionary. 2012.

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