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Exercise 13.3 Okun's law: 1. Look at the regression lines (the lines of best fit) in Figure 13.5. What prediction does the regression line
Exercise 13.3 Okun's law: 1. Look at the regression lines (the lines of best fit) in Figure 13.5. What prediction does the regression line show for unemployment when the economy is not growing? Are the results the same for all the countries? 2. Assume that the population in the economy is growing. Can you use this assumption to provide an explanation for your results in question 1? What else might explain the differences between countries?
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