According to Okun's law, unemployment must decrease by 1% for output to increase by 1%.

Name: According to Okun's law, unemployment must decrease by 1% for output to increase by 1%.
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Okun's Law suggests a relationship between unemployment and GDP, typically indicating that for every 1% decrease in unemployment, there is more than a 1% increase in GDP, but the exact ratio can vary and is not a strict 1:1 relationship.

According to Okun's Law, Unemployment Must Decrease by 1% for Output