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GDP Gap and Okun's Law

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Iris Franz

11.8K subscribers

Fri, 14 Oct 2016 00:00:00 GMT
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GDP gap

okun's law

frictional unemployment

structural unemployment

cyclical unemployment

potential GDP

actual gdp

natural rate of unemployment

Using potential grade and actual grade as an analogy to explain GDP gap. Here is another version (but more detailed) video with subtitles, https://www.youtube.com/watch?v=Bm-2gxlWo9U

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