Explain why the correlation between the unemployment and inflation rates can be positive, zero, or negative.

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Macroeconomics

ISBN: 978-0138014919

12th edition

Authors: Robert J Gordon

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Question Posted: Dec 09, 2015 03:16 AM

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Explain why the correlation between the unemployment and inflation rates can be positive, zero, or negative.

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Okuns Law shows that the unemployment rate is inversely related to the output ratio The reason is th...View the full answer

Macroeconomics

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