Question
Instructions Describe the relationship between real GDP growth and the change in the unemployment rate (Okun's Law) and the unemployment rate and the change in
Instructions | |
Describe the relationship between real GDP growth and the change in the unemployment rate (Okun's Law) and the unemployment rate and the change in inflation for one of the following three periods in U.S. history:
Download the following variables to graph both Okun's Law and the Phillips Curve. Make sure to get annual numbers for all variables and include the year before your time period starts:
Provide a scatter plot for both Okun's Law and the Phillips Curve (in either Excel or Google Sheets) overall and for each time period above and include a (linear) trendline with the equation for the best fit line. You should have four graphs of Okun's Law and four graphs of Phillips Curve
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