The Beveridge Curve compares this economic concept with the number of job vacancies.
The Beveridge Curve compares this economic concept with the number of job vacancies. Okun's Law notes that GDP will decrease by 2% if this rate increases by 1%. It can be explained by seasonal lulls in demand or, in its (*) "frictional" type, by naturally occurring transitions in the economy. The "99ers" are long-term sufferers of this phenomenon, which increases during recessions. For 10 points, give this term for people lacking work.
The Beveridge Curve compares this economic concept with the number of job vacancies.
unemployment rate (accept word forms)