The relationship between output and employment is known as
A)the Phillips curve.
B)the Beveridge curve.
C)the Diamond paradox.
D)Okun's Law.

Question

Quizplus · Accepted Answer

Okun's Law states that there is a negative relationship between output and employment, meaning that when output increases, unemployment decreases and vice versa. The other options, the Phillips curve and the Beveridge curve, both relate to the relationship between unemployment and inflation, while the Diamond paradox is not a recognized economic concept.

The Relationship Between Output and Employment Is Known as