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aleksley [76]
3 years ago
9

In the united states why is there a strong correlation between unemployment and gdp

Social Studies
1 answer:
iragen [17]3 years ago
8 0
<span>The relationship between unemployment rates and Gross Domestic Product in the US is described by Okun’s Law. In short, this law states that when the unemployment rate is higher than normal, economic output decreases, which then lowers GDP.</span>
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