KnowraOkun's lawLinked fromLinked fromThe 10 pages that link to Okun's law, each with the reason it gives.All 10Related 8Compared with 2Gross domestic productRelated: GDP movements are linked to labor-market conditions through this observed relationship.UnemploymentRelated: It describes how unemployment tends to rise when output falls below its potential.Business cycleRelated: It summarizes how contractions in output are associated with rising unemployment.Phillips curveRelated: It links the curve’s labor-market outcome to the output losses of disinflation.Recession (economics)Related: It describes how falling output during recessions tends to accompany rising unemployment.Natural rate of unemploymentRelated: It helps translate unemployment gaps into estimates of lost output.Real business cycle theoryCompared with: Its observed pattern tests whether productivity-driven models account for movements in output and employment together.Full employmentRelated: It links employment shortfalls to lost production.Economic depressionRelated: It describes how a sharp output contraction is commonly accompanied by rising unemployment.Verdoorn's lawCompared with: Unlike Verdoorn's law, it links output growth to labor-market slack rather than productivity growth.