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What you keep on Free
This model uses static comparative statics -- no genuine time axis exists.
Output drops well below potential, opening a negative output gap and pushing unemployment above the natural rate.
Output exceeds potential, compressing the unemployment rate below its natural level.
Labor-market frictions increase, raising the natural rate of unemployment without changing the output gap.
Diagram, readouts, and summary update with each change.
Structural
Okun relationship
Cyclical
Impact summary
Current position
Unemployment
5.00
Output gap
0.0
Natural rate
5.0
Browser-local save -- persists across reloads, not synced to your account.