Does the Okun's law describe the short run? The long run? Or both?

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Does the Okun's law describe the short run? The long run? Or both?

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Okun's law describes short run. It describes the deviations in unemployment rate and output gap in short from its long run level, because in long run output is always at full employment, output gap is zero in long run.

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Does the Okun's law describe the short run? The long run? Or both?

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Does the Okun's law describe the short run? The long run? Or both?

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9. Making use of Okun's law, it may be computed that if the Bank of Canada...

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Does the Okun's law describe the short run? The long run? Or both?

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Does the Okun's law describe the short run? The long run? Or both?