Macro Problem - Trade-Off Between Inflation, Unemployment and GDP

[@MetallicBeta]

You sir are a gentleman and a scholar. A genuine thank you for these informative videos

[@kawasakininja13]

This should come handy for exam prep, thanks!

[@marshallwest5044]

How did you get the 20% from Okuns law part? Would it not be 32% (0.32) Sorry if this is a stupid question, I just dont see where the 0.20 came from.

[@timnatasheilah]

I have the same question as you...

[@zumx]

Wow this was great. Thanks!

[@economicurtis]

Thanks. who says six year old videos can't be useful?

[@shauryamithilesh5499]

really good one thanks alot

[@michaelaby]

thanks a lot! really helped

[@chickenfriedrice7700]

Yea how do you get 20%?

[@economicurtis]

Hi Fabrice Anthony. Unemployment started out at 0.06 and needs to go up to 0.16 to get the desired inflation. Thus the required change in u is 0.10 (just 0.16 - 0.06). Thus with Okun's Law, to get that 0.10 chg in unemployment we need the 0.20 change in GDP. Sorry I skipped over that part in the video!

[@augustinejunior3361]

Recorded 8 years ago, here it has helped me to do the needful in my study of economics. Thank you sir. Kindly assist me with your email address