Ting, Ngoo Yee; Ling, Loi Siew - In: Journal of Global Business and Economics 2 (2011) 1, pp. 95-103
Okun’s Law has present in most of the European countries. It explained the negative relationship between output growth and unemployment rate. It has been a norm for the existence of the negative relationship between output growth and unemployment. The impact of high unemployment rate is...